Assessment-year limitation for registered firm assessments clarified; amended wording applies prospectively from the enacted effective date. The provision substitutes the initial words so that assessments of registered firms apply only in respect of the assessment year commencing on the 1st day ... Summary
Assessment-year limitation for registered firm assessments clarified; amended wording applies prospectively from the enacted effective date.
The provision substitutes the initial words so that assessments of registered firms apply only in respect of the assessment year commencing on the 1st day of April, 1992, or any earlier assessment year; this substitution is effective from the 1st day of April, 1993.
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