Assessment proceedings reclassification and exclusion of settlement-application period change treatment of net-wealth assessments under amended law. The amendment deems proceedings under subsection (5) of section 37A to be proceedings for the assessment or reassessment of any net wealth or for assessment of net wealth which has escaped assessment, and adds a proviso excluding from the relevant limitation period the period from the filing of a settlement application under section 22C until an order under subsection (1) of section 22D is made.
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.
Assessment proceedings reclassification and exclusion of settlement-application period change treatment of net-wealth assessments under amended law.
The amendment deems proceedings under subsection (5) of section 37A to be proceedings for the assessment or reassessment of any net wealth or for assessment of net wealth which has escaped assessment, and adds a proviso excluding from the relevant limitation period the period from the filing of a settlement application under section 22C until an order under subsection (1) of section 22D is made.
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