Amendment of section 154.

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..... in clause (b), for the words by the assessee , the words by the assesse or by the deductor, shall be substituted; (c) in sub-section (3), for the words the assessee , wherever they occur, the words the assesse or the deductor shall respectively be substituted; (d) for sub-section (5), the following sub-section shall be substituted, namely: (5) Where any such amendment has the effect of reducing t .....

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..... ction so as to provide that an income-tax authority may amend any intimation issued under sub-section (1) of section 200A. It is further proposed to amend sub-section (2) of the aforesaid section so as to substitute the words by the assessee with the words by the assessee or by the deductor . It is also proposed to amend sub-section (3) of the aforesaid section so as to substitute the words the as .....

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..... assessment or reducing a refund already made or otherwise increasing the liability of the assessee or the deductor, the Assessing Officer shall serve on the assessee or the deductor, as the case may be, a notice of demand in the prescribed form specifying the sum payable, and such notice of demand shall be deemed to be issued under section 156 and the provisions of this Act shall apply accordingl .....

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