Time limit for completion of assessment, reassessment and re-computation - Section 153

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..... 18 Months c. In respect of an order of assessment relating to AY commencing from 01-04-2019 12 months from end of RAY. 12 Months d. In respect of an order of assessment relating to AY commencing from 01-04-2020 18 months from end of RAY. 18 Months e. In respect of an order of assessment relating to AY commencing from 01-04-2021 9 months from end of RAY. [Amendment made by F.A. 2022 , ] 9 Months f. In respect of an order of assessment relating to AY commencing from 01-04-2022 9 months from end of RAY. [ Inserted by F.A. 2 .....

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..... - where an assessment or reassessment is pending on the date of initiation of search under section 132 or making of requisition under section 132A , the period available for completion of assessment or reassessment, as the case may be, under the said sub-sections shall, [ inserted by FA, 2023 ] Extended by a. in a case where such search is initiated under section 132 or such requisition is made under section 132A ; 12 Months b. in the case of an assessee, to whom any money, bullion, jewellery or other valuable article or thing seized or requisitioned belongs to; 12 Months .....

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..... ths c. For the purpose of order u/s 250 or 254 or 260 or 262 or 263 or 264 verification requires for any issue by way of submission of any document by an assessee or any other person or where an opportunity of being heard is provided to assessee, the order u/s 250 or 254 or 260 or 262 or 263 or 264 shall be made within time specified in section 153(3). 8. Section 153(6) (i) Where the assessment, reassessment or recomputation is made on the assessee or on any person in consequence of or to give effect to any finding or direction contained in an order u/s 250 or 254 or 260 or 262 or 263 or 264 or in a order of any court in a proceeding otherwise t .....

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