Amendment of section 245C

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..... - (a) the assessee has furnished the return of income which he is or was required to furnish under any of the provisions of this Act; and (b) the additional amount of income-tax payable on the income disclosed in the application exceeds fifty thousand rupees."; (ii) for sub-sections (1B) and (1C), the following sub-sections shall be substituted, namely :- "(1B) Where the income d .....

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..... ure of a proceeding for reassessment of the applicant under section 147 or by way of appeal or revision in connection with such reassessment, and the applicant has not furnished a return in respect of the total income of that year in the course of such proceeding for reassessment, tax shall be calculated on the aggregate of the total income as assessed in the earlier proceeding for assessment unde .....

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