Limitation period for income-tax assessments fixed as the later of two years from assessability or one year after return filing. Amendment prescribes that no assessment order under sections 143 or 144 shall be made after the later of two temporal benchmarks: a period from the end of ... Summary
Limitation period for income-tax assessments fixed as the later of two years from assessability or one year after return filing.
Amendment prescribes that no assessment order under sections 143 or 144 shall be made after the later of two temporal benchmarks: a period from the end of the assessment year in which the income was first assessable, or a period from the end of the financial year in which a return or revised return for the assessment year commencing 1 April 1988, or any earlier assessment year, is filed under the specified sub-sections of section 139.
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