Government of India,
REGISTERED NO. D- 28
of Andía The Gazette
EXTRAORDINARY
PUBLISHED BY AUTHORITY
NEW DELHI , MONDAY , JANUARY 3 , 1949
GOVERNMENT OF INDIA
MINISTRY OF FINANCE ( REVENUE DIVISION )
NOTIFICATION
INCOME - TAX
New Delhi , the 3rd January 1940
No. 1. Under sub- section (3) of section 23B of the Indian Income - tax Act , 1922 (XI of 1922) , as amended by Ordinance XXXVIII of 1948 , the Central Government is pleased to notify that , if a firm is not to be assessed as an unregistered firm under that sub- section , it should fulfil the conditions specified against it:-
(a) In case the firm has been [treated as a registered firm for the purpose of its last completed regular assessment .
The firm should have made an application for registration in accordance with the Indian Income - tax Rules , 1922 , in respect of the year for which the provisional assessment is to be made , before sych assessment is made .
(b) Incase no regular assessment has been made on the firm for any year preceding the year for which the provisional assessment is to be made .
The firm should have made an application for registration in accordance with the Indien Income - tax Rules 1922 , on or before the date on which it has made return of its income .
PYARE LAL , Dy . Secy .
( 5 )
PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , INDIA . PRINTED BY THE MANAGER , GOVERNMENT OF INDIA PRESS , NEW DELHI , INDIA.