Income Tax Ordinance, 2001

CHAPTER-X

PROCEDURE PART II ASSESSMENTS

Income Tax Ordinance, 2001 CHAPTER-X PROCEDURE PART II ASSESSMENTS From: 2024-12-29 - To: 0000-00-00 1[***] _________________________________________ 1-Section 122C was omitted vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017. At the time of omission section 122C was as under:- i[122C. Provisional assessment.- (2) Notwithstanding anything contained in this Ordinance, the provisional assessment completed under sub-section (1) shall be treated as the final assessment after the expiry of 1[forty-five] days from the date of service of order of provisional assessment and the provisions of this Ordinance shall apply accordingly: 1[Provided that the provisions of this sub-section shall not apply, if- (a) return of income along with wealth statement, wealth reconciliation statement and other documents required under sub-section (2A) of section 116 are filed by the person being an individual or an association of persons for the relevant tax year during the said period of forty-five days; and (b) the individual or an association of persons presents accounts and…