Section 25 - Amendment of section 139 - Taxation Laws (Amendment) Act, 1984

25. Amendment of section 139. In section 139 of the Income-tax Act, (a) in sub-section (1A), (i) for clause (b), the following clause shall be substituted, namely:- (b) his income or the income of such other person under the head Salaries , exclusive of the value of all benefits or amenities not provided for by way of monetary payment, does not exceed eighteen thousand rupees; ; (ii) the Explanation shall be omitted; (b) in sub-section (8), (i) in clause (a), for Explanation 2, the following Explanation shall be substituted, namely: Explanation 2. Where, in relation to an assessment year, an assessment is made for the first time under section 147, the assessment so made shall be regarded as a regular assessment for the purposes of this sub-section. ; (ii) for clause (b), the following clause shall be substituted, namely: (b) Where as a result of an order under section 147 or section 154 or section 155 or section 250 or section 254 or section 260 or section 262 or section 263 or section 264, the amount of tax on which interest was payable under this sub-section has been increased or reduced, as the case may be, the interest shall be increased or reduced accordingly, and (i) in a case where the interest is increased, the Income-tax Officer shall serve on the assessee a notice of demand on the prescribed form specifying the sum payable, and such notice of demand shall be deemed to be a notice under section 156 and the provisions of this Act shall apply accordingly; (ii) in a case where the interest is reduced, the excess interest paid, if any, shall be refunded. .