With effect from the 1st day of April, 2006 after sub-section (1), the following sub-sections shall be inserted, namely :
1. (a) No order of assessment shall be made under section I15WE or section 115WF at any time after the expiry of two years from the end of the assessment yeai in which the fringe benefits were first assessable.
1. (b) No order of assessment or reassessment shall be made under section 115WG after the expiry of one year from the end of the financial year in which the notice under section 1I5WH was served.