Assessment time-limit shortened to accelerate completion of assessments for assessment years commencing on or after the specified date. The inserted proviso to sub-section (1) substitutes 'twenty-one months' with 'nine months' as the period from the end of the assessment year in which income is first assessable for making assessment orders under the assessment provisions, and this amendment applies to assessment years commencing on or after 1 April 2021.
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Provisions expressly mentioned in the judgment/order text.
Assessment time-limit shortened to accelerate completion of assessments for assessment years commencing on or after the specified date.
The inserted proviso to sub-section (1) substitutes "twenty-one months" with "nine months" as the period from the end of the assessment year in which income is first assessable for making assessment orders under the assessment provisions, and this amendment applies to assessment years commencing on or after 1 April 2021.
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