Section 172(4)

(4) On receipt of the return, the 3[Assessing Officer] shall assess the income referred to in sub-section ( 2) and determine the sum payable as tax thereon at the 4[rate or rates in force] applicable to the total income of a company which has not made the arrangements referred to in section 194 and such sum shall be payable by the master of the ship. 5[(4A) No order assessing the income and determining the sum of tax payable thereon shall be made under sub -section ( 4) after the expiry of nine months from the end of the financial year in which the return under sub -section ( 3) is furnished: Provided that where the return under sub -section ( 3) has been furnished before the 1st day of April, 2007, such order shal l be made on or before the 31st day of December, 2008.]