Finance Act, 1986 Section 28 - Bare Act |
| State | Central Government |
| Year | 1986 |
| Section Title | Amendment of Section 155 |
In section 155 of the Income-tax Act, with effect from the 1st day of April, 1987, -
(a) in sub-section (8), for the words "within a period of one year after the date of the transfer", the words "within a period of two years after the date of the transfer" shall be substituted;
(b) in sub-section (8A), for the words "within a period of one year after the date of receipt", the words "within a period of two years after the date of receipt" shall be substituted.