Section 140 regulates verification of return. It has been amended to provide that where in respect of a company an application has been admitted by the Adjudicating Authority under section 7, 9 or 10 of the Insolvency and Bankruptcy Code, 2016, the return shall be verified by the insolvency professional appointed by such Adjudicating Authority. This provision is applicable with effect from April 1, 2018 and will apply in relation to the assessment year 2018-19 and subsequent years. |
