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Insertion of sub-section (2) in Section 67A of FA, 1994 vis-a-vis POTR - confusions galore


Insertion of sub-section 2 in Section 67A

very true ...we also noticed this fact of contradiction between sub sections of 67A.

secondly the illegality popping up about the enforce ability of potr prior to 14.05.16 the expected date of president's assent this year is also in question .

example of 66a is also classic.

same way government cant allow C&AG team to allow to enter the assessee's premises merely by making the rule 5 changes on the basis of section 94 and not the main substantial provision section relevant to audit like 72.

Navin Khandelwal 05/04/2016

 

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