Deeming of assessment proceedings now commence on the notice and conclude on assessment for persons under transfer provisions. The amendment omits certain proviso clauses and adds a deeming provision in the Explanation that treats an assessment or reassessment initiated under transfer-related inquiry provisions for a covered person as commencing on the date the notice initiating the proceeding is issued and concluding on the date the assessment is made, with consequential substitution in cross-references to include the new deeming clause.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deeming of assessment proceedings now commence on the notice and conclude on assessment for persons under transfer provisions.
The amendment omits certain proviso clauses and adds a deeming provision in the Explanation that treats an assessment or reassessment initiated under transfer-related inquiry provisions for a covered person as commencing on the date the notice initiating the proceeding is issued and concluding on the date the assessment is made, with consequential substitution in cross-references to include the new deeming clause.
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