TMI BlogTime limit for completion of assessment and reassessment.X X X X Extracts X X X X X X X X Extracts X X X X ..... cial year in which the notice under sub-section(1) of section 10 was issued by the Assessing Officer. (2) Notwithstanding anything contained in sub-section (1), an order of fresh assessment in pursuance of an order passed under section 18 setting aside or cancelling an assessment, may be made at any time before the expiry of the period of two years from the end of the financial year in which th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion- (i) the time taken in reopening the whole or any part of the proceeding; or (ii) the period during which the assessment proceeding is stayed by an order or injunction of any court; or (iii) the period commencing from the date on which a reference or first of the references for exchange of information is made by an authority competent under an agreement referred to in section 90 or s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uded from the total undisclosed foreign income and asset for an assessment year in respect of an assessee, then, an assessment of such undisclosed foreign income and asset for another assessment year shall, for the purposes of section 10 and this section, be deemed to be one made in consequence of, or to give effect to, any finding or direction contained in the said order. - Clause 11. -provid ..... X X X X Extracts X X X X X X X X Extracts X X X X
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