Limitation suspension: periods of court-ordered stay are excluded from assessment limitation, preserving time for tax proceedings. The amendment inserts a proviso excluding the period during which assessment or reassessment proceedings are stayed by a court order or injunction from ... Summary
Limitation suspension: periods of court-ordered stay are excluded from assessment limitation, preserving time for tax proceedings.
The amendment inserts a proviso excluding the period during which assessment or reassessment proceedings are stayed by a court order or injunction from the limitation period specified in the first proviso of section 281B, with retrospective effect from the first day of April, 1988.
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