TMI BlogTime Limitation for completion of assessment - The limitation provided is not from the date of...Time Limitation for completion of assessment - The limitation provided is not from the date of finalization of assessment, but from the closure of the year to which the tax relates. Even a rectification of mistake can only be within three years of the expiry of the year to which the tax relates. In that context, it would not have been the intention of the executive Government to enable an assessment at any time after the return is filed when the rules provide a limitation period of re-opening ei..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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