Period of Limitation in certain cases [ Section 153 ] - Income Tax - Ready Reckoner - Income Tax

Period of Limitation in certain cases [ second proviso to Section 153 ] 1. Case - Where immediately after the exclusion of the aforesaid period, the period of limitation referred to in sections 153(1), (1A), (2), (3) and (8) available to the Assessing Officer for making an order of assessment, reassessment or recomputation, as the case may be, is less than 60 days. Period of Limitation - such remaining period shall be extended to 60 days and the aforesaid period of limitation shall be deemed to be extended accordingly. 2. Case - where the period available to the Transfer Pricing Officer is extended to sixty days in accordance with the proviso to section 92CA(3A) and the period of limitation available to the Assessing Officer for making an order of assessment, reassessment or re-computation, as the case may be, is less than 60 days. Period of Limitation - such remaining period shall be extended to 60 days and the aforesaid period of limitation shall be deemed to be extended accordingly.