Amendment of section 143

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..... on (3), in the first proviso, for the words "scientific research association", wherever they occur, the words "research association" shall be substituted with effect from the 1st day of April, 2011. - Clause 34 of the Bill seeks to amend section 143 of the Income tax Act relating to assessment. Under the existing provisions contained in sub-section (1B) of the aforesaid section, the Central Govern .....

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..... authority any contravention of provisions of clause (21) of section 10, by the association referred to in the said clause. The provisions also state that the assessing officer shall not withdraw exemption under section 10 unless the intimation has been given by him to the prescribed authority and the approval granted to the association has been withdrawn. Sub-clause (b) proposes to amend the first .....

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