Assessment period limits extended: amendment confines assessments to six preceding assessment years and links to relevant years. The provision is amended to limit assessment of another person's income discovered in a search or requisition to a six assessment years look back and to modify the second proviso so it refers to the relevant assessment year(s) as identified under the companion assessment provision; the amendment is consequential to that companion change and applies to searches or requisitions on or after 1 April 2017.
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Assessment period limits extended: amendment confines assessments to six preceding assessment years and links to relevant years.
The provision is amended to limit assessment of another person's income discovered in a search or requisition to a six assessment years look back and to modify the second proviso so it refers to the relevant assessment year(s) as identified under the companion assessment provision; the amendment is consequential to that companion change and applies to searches or requisitions on or after 1 April 2017.
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