TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2012 amends Section 153B, extending assessment time limits and exclusion periods for certain tax cases.</h1> Clause 65 of the Finance Bill, 2012 amends section 153B of the Income-tax Act, adjusting time limits for completing assessments and reassessments under section 153A. The changes specify revised time frames for cases involving search or requisition, extending the limits by three months. Additionally, the amendment extends the exclusion period in the Explanation from six months to one year, effective from July 1, 2012. A new clause is introduced to exclude time periods related to impermissible avoidance arrangements, effective from April 1, 2013, applicable to the assessment year 2013-2014 and onwards.
TaxTMI 
TaxTMI 
