Part of: Section 115BA — Tax on income of certain domestic companies
(4) Nothing contained in this section shall apply unless the option is exercised by the person in the prescribed manner on or before the due date specified under sub -section ( 1) of section 139 for furnishing the first of the returns of inc ome which the person is required to furnish under the provisions of this Act: Provided that once the option has been exercised for any previous year, it cannot be subsequently withdrawn for the same or any other previous year.]