Sanction for issue of notice: specified authority widened and limitation computation must account for excluded or extended periods. The amendment expands the specified authority empowered to sanction notices under the reassessment provisions to include senior commissioner/director general level officers when the extended limitation threshold is crossed, and inserts a proviso requiring that the three year period for sanction eligibility be computed after taking into account periods excluded or extended by the provisos to the limitation provision governing reassessment.
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Sanction for issue of notice: specified authority widened and limitation computation must account for excluded or extended periods.
The amendment expands the specified authority empowered to sanction notices under the reassessment provisions to include senior commissioner/director general level officers when the extended limitation threshold is crossed, and inserts a proviso requiring that the three year period for sanction eligibility be computed after taking into account periods excluded or extended by the provisos to the limitation provision governing reassessment.
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