TMI BlogTime limit for completion of block assessmentX X X X Extracts X X X X X X X X Extracts X X X X ..... 2 or for requisition under section 132A, as the case may be, was executed in cases where a search is initiated or books of account or other documents or any assets are requisitioned after the 30th day of June, 1995, but before the 1st day of January, 1997; ( b ) within two years from the end of the month in which the last of the authorisations for search under section 132 or for requisition und ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... other documents or any assets are requisitioned on or after the 1st day of January, 1997.] 2 [ Explanation 1.- In computing the period of limitation for the purposes of this section,- ( i ) the period during which the assessment proceeding is stayed by an order or injunction of any court; or ( ii ) the period commencing from the day on which the Assessing Officer directs the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ided that where immediately after the exclusion of the aforesaid period, the period of limitation referred to in sub-section (1) or sub-section (2) available to the Assessing Officer for making an order under clause ( c ) of section 158BC is less than sixty days, such remaining period shall be extended to sixty days and the aforesaid period of limitation shall be deemed to be extended accordingly ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1996, w.r.e.f. 1-7-1995 and amended by the Finance (No. 2) Act, 1998, w.r.e.f. 1-7-1995, read as under : Explanation 1.- In computing the period of limitation for the purposes of this section, the period- (i) during which the assessment proceeding is stayed by an order or injunction of any court, or (ii) commencing from the day on which the Assessing Officer directs the assessee to get ..... X X X X Extracts X X X X X X X X Extracts X X X X
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