TMI BlogTime limits for completion of assessment or reassessmentsX X X X Extracts X X X X X X X X Extracts X X X X ..... tion 163 after the expiry of - (i) twenty-one months from the end of the financial year in which the return is furnished; (ii) twenty-one months from the end of the financial year in which a notice under section 151 or section 152 was served, if no return is furnished; (b) any order of reassessment under section 166 after the expiry of twenty-one months from the end of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of an order under section 194, after the expiry of twelve months from the end of the financial year in which the order is passed under that section; (e) any order of assessment, reassessment or recomputation in pursuance to the revival of any proceeding under this Code, after the expiry of twelve months from the end of the financial year in which the order of revival of the proceedings is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is Code. (4) In computing the period of limitation for the purpose of sub-section (1) and subsection (2), the following period or time shall not be included, namely:- (a) the period commencing the date on which the application for Advance Pricing Arrangement is filed by the assessee and ending with - (i) the date on which the order rejecteing the application is received by the Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on the assessee and ending with the last day of the month in which the order under that section is passed; (f) the period commencing from the date on which an application is made before the Authority for Advance Rulings under sub-section (1) of section 152 and ending with the date on which the order rejecting the application is received by the Commissioner under sub-section (9) of that sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 86, section 190 or section 194 for that financial year, if the order under those sections relates to another financial year and the income is excluded from the total income of the assessee for such other financial year; or (b) assessment of any income in the case of an assessee shall be deemed to have been made in pursuance of an order under section 186, section 190 or section 194 for that ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
