Deeming search proceedings as assessment treats search-related proceedings as assessment and pauses settlement limitation period. Proceedings under search and seizure provisions are deemed to be proceedings for assessment or reassessment of escaped income; additionally, where a settlement application is filed, the period from the application date until the settlement order is made is excluded from the computation of the relevant limitation period, pausing that limitation during the settlement process.
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.
Deeming search proceedings as assessment treats search-related proceedings as assessment and pauses settlement limitation period.
Proceedings under search and seizure provisions are deemed to be proceedings for assessment or reassessment of escaped income; additionally, where a settlement application is filed, the period from the application date until the settlement order is made is excluded from the computation of the relevant limitation period, pausing that limitation during the settlement process.
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 
