Limitation period for reassessment shortened, applying reduced timeframes to recent assessment years and later notices and orders. Amendment shortens statutory time limits for reassessment and completion: for assessment years beginning on or after 1 April 2004 a two-year initiation period is treated as twenty-one months, and related two-year or one-year limits are substituted by twenty-one months and nine months respectively; transitional provisos make notices served on or after 1 April 2005 and review or revision orders received or passed on or after 1 April 2005 subject to the nine-month substitution where applicable.
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Provisions expressly mentioned in the judgment/order text.
Limitation period for reassessment shortened, applying reduced timeframes to recent assessment years and later notices and orders.
Amendment shortens statutory time limits for reassessment and completion: for assessment years beginning on or after 1 April 2004 a two-year initiation period is treated as twenty-one months, and related two-year or one-year limits are substituted by twenty-one months and nine months respectively; transitional provisos make notices served on or after 1 April 2005 and review or revision orders received or passed on or after 1 April 2005 subject to the nine-month substitution where applicable.
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