Effect to advance pricing agreement.

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..... under the provisions of section 139 for any assessment year relevant to a previous year to which such agreement applies, such person shall furnish, within a period of three months from the end of the month in which the said agreement was entered into, a modified return in accordance with and limited to the agreement. (2) Save as otherwise provided in this section, all other provisions of this Ac .....

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..... re pending on the date of filing of modified return in accordance with the provisions of sub-section (1), the Assessing Officer shall proceed to complete the assessment or reassessment proceedings in accordance with the agreement taking into consideration the modified return so furnished. (5) Notwithstanding anything contained in section 153 or section 153B or section 144C,- (a) the order 3[*** .....

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..... iry of the limitation period provided under the said section. ------------------------------------------- Notes:- 1. Inserted vide Finance Act, 2012, w.e.f. 01-07-2012. 2. Substituted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 01-09-2019 before it was read as "proceed to assess or reassess or recompute the total income of the relevant assessment year" 3. Omitted vide FINANCE (NO. 2) ACT, .....

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