Amendment of section 115WE.

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..... ) the value of fringe benefits shall be computed after making the following adjustments, namely:— (i) any arithmetical error in the return; or (ii) an incorrect claim, if such incorrect claim is apparent from any information in the return; (b) the tax and interest, if any, shall be computed on the basis of the value of fringe benefits computed under clause (a); (c) the sum payable by, or the amoun .....

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..... arent from any information in the return" shall mean a claim, on the basis of an entry, in the return,— (i) of an item, which is inconsistent with another entry of the same or some other item in such return; (ii) in respect of which the information required to be furnished to substantiate such entry has not been so furnished under this Act; or (iii) in respect of a deduction or value of fringe ben .....

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..... ion in the Official Gazette, direct that any of the provisions of this Act relating to processing of returns shall not apply or shall apply with such exceptions, modifications and adaptations as may be specified in that notification; so, however, that no direction shall be issued after the 31st day of March, 2009. (1C) Every notification issued under sub-section (1B), along with the scheme made un .....

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