REGISTERED No. D. 221
The Gazette of India
EXTRAORDINARY
PART II -Section 3-Sub - section ( ii)
PUBLISHED BY AUTHORITY
No. 111]
NEW DELHI, WEDNESDAY , JUNE 12 , 1963 / JYAISTHA 22 , 1885
MINISTRY OF FINANCE
(Department of Revenue )
INCOME - TAX
ORDER
New Delhi , the 11th June 1963
8.O. 1659.- In exercise of the powers conferred by section 298 of the Income- tax Act, 1961 ( 43 of 1961 ) , the Central Government hereby makes the following Order , namely:
1. Short title and commencement .- ( 1 ) This Order may be called the Income- tax (Removal of Difficulties ) Order No. 2 of 1963 .
(2) It shall be deemed to have come into force on the 1st day of April , 1962 .
2. Applicability of section 273 of Act 43 of 1961 in certain cases . Where in respect of the financial year commencing on the 1st day of April , 1961 , an assessee has furnished an estimate of the tax payable by him under sub - section ( 2 ) or sub - section ( 3 ) of section 18A of the Indian Income - tax Act , 1922 ( 11 of 1922 ) (hereinafter referred to as the repealed Act ) which he knew or had reason to pelieve to be untrue , or where he has without reasonable cause failed to furnish an estimate of the tax payable by him under sub- section ( 3 ) of section 18A of the repealed Act in respect of the said financial year , the provisions of section 273 of the Income- tax Act, 1961 ( 43 of 1961 ) shall apply as if the references in that section to the provisions of section 212 , Chapter XVII - C , section 215 , section 210 and section 217 were , so far as may be , references to the corresponding provisions of section 18A of the repealed Act .
[ No. 29 - IT . ( F. No. 1 ( 197 ) -62 / TPL ) . 」
V. V. CHARI , Addl. Secy.
(299)
PRINTED IN INDIA BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS , NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , 1963