Section 290 — Modification and revision of notice in certain cases

(1) Where,—
( a) any tax, interest, penalty, fine or any other sum in respect of which a
notice of demand has been issued earlier under section 289; and
( b) such tax, interest, penalty, fine or any other sum is reduced as a result of
an order of the Adjudicating Authority as defined in section 5(1) of the
Insolvency and Bankruptcy Code, 2016 (31 of 2016),
the Assessing Officer shall serve on the assessee a modified notice of demand spec-
ifying the sum payable, if any, and such notice shall be treated as a notice under
section 289 and the provisions of this Act shall accordingly apply in relation to
such notice.
(2) The modified notice of demand as referred to in sub-section (1) shall be revised
where the order referred to in sub-section (1)(b) is modified by the National Com-
pany Law Appellate Tribunal or the Supreme Court.