TMI BlogAmendment of section 153BX X X X Extracts X X X X X X X X Extracts X X X X ..... ncing from the date on which the Assessing Officer directs the assesse to get his accounts audited under sub-section (2A) of section 142 and (a) ending with the last date on which the assessee is required to furnish a report of such audit under that sub-section; or (b) where such direction is challenged before a court, ending with t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h effect from the 1st day of April, 2016, namely:- (ix) the period commencing from the date on which a reference for declaration of an arrangement to be an impermissible avoidance arrangement is received by the Commissioner under sub-section (1) of section 144BA and ending on the date on which a direction under subsection (3) or sub-section (6) or an order under sub-sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to furnish a report of such audit under that sub-section or where such direction is challenged before a court, ending with the date on which the order setting aside such direction is received by the Commissioner, shall be excluded in computing the period of limitation for the purposes of section 153. The existing provisions contained in clause (viii) of Explanation to section 153B provides ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... one year, whichever is less, shall be excluded in computing the period of limitation for the purposes of section 153B. These amendments will take effect from 1st June, 2013. It is further proposed to omit clause (ix) in Explanation 1 of the sub-section (4) of the said section. This amendment will take effect retrospectively from 1st April, 2013. It is also proposed to insert ..... X X X X Extracts X X X X X X X X Extracts X X X X
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