Time limit reduction under income-tax law shortens the statutory period for section 271H proceedings effective next fiscal year. Amendment shortens the statutory time limit in section 271H(3) by substituting "one year" with one month, effective from the first day of April, 2025, ... Summary
Time limit reduction under income-tax law shortens the statutory period for section 271H proceedings effective next fiscal year.
Amendment shortens the statutory time limit in section 271H(3) by substituting "one year" with one month, effective from the first day of April, 2025, thereby compressing the duration available under that sub section for the prescribed procedural or compliance consequence.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.