Time bar exclusion for valuation references under section 142A: assessment limitation paused until Valuation Officer report is received. Amendment inserts a new clause in Explanation 1 to section 153 excluding from computation of the time limit for completion of assessments and reassessments the period from the date the Assessing Officer refers a matter to the Valuation Officer under subsection (1) of section 142A until the Valuation Officer's report is received by the Assessing Officer, effective 1 October 2014.
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.
Time bar exclusion for valuation references under section 142A: assessment limitation paused until Valuation Officer report is received.
Amendment inserts a new clause in Explanation 1 to section 153 excluding from computation of the time limit for completion of assessments and reassessments the period from the date the Assessing Officer refers a matter to the Valuation Officer under subsection (1) of section 142A until the Valuation Officer's report is received by the Assessing Officer, effective 1 October 2014.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
