General Anti Avoidance Rule time limits govern commissioner directions, references to the approvi ng panel, and form-based issuing deadlines. Time limits are prescribed for actions under the General Anti Avoidance Rule framework. The Commissioner must not issue directions under section 144BA(3) ... Summary
General Anti Avoidance Rule time limits govern commissioner directions, references to the approvi ng panel, and form-based issuing deadlines.
Time limits are prescribed for actions under the General Anti Avoidance Rule framework. The Commissioner must not issue directions under section 144BA(3) after one month from the end of the month in which the compliance date of the notice under section 144BA(2) falls, and must not refer the matter to the Approving Panel under section 144BA(4) after two months from the end of the month in which the assessee's final submission is received.
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