Intimation under subsection (1) of section 143 deemed to be a notice of demand

Consequent to amendment in subsection (1) of section 143 of the Income Tax Act, 1961 with effect from 1st April, 2008, consequential amendment has been made in section 156 so as to provide that intimation under subsection (1) of section 143 shall be deemed to be a notice of demand for the purpose section 156.

Applicability: This amendment has been made applicable with effect from 1st April, 2008. 

Note: Above is the Analysis of Amendment made by The Finance Act, 2008.