Extension of limitation period ensures assessing officers are granted a minimum statutory time for assessment when remaining period is inadequate. An inserted proviso to the explanation to section 153 provides that if, immediately after exclusion of a specified time, the remaining period of limitation available to the assessing officer for assessment, reassessment or re computation is shorter than a prescribed minimum, the remaining period shall be extended to that minimum and the period of limitation shall be deemed extended accordingly.
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.
Extension of limitation period ensures assessing officers are granted a minimum statutory time for assessment when remaining period is inadequate.
An inserted proviso to the explanation to section 153 provides that if, immediately after exclusion of a specified time, the remaining period of limitation available to the assessing officer for assessment, reassessment or re computation is shorter than a prescribed minimum, the remaining period shall be extended to that minimum and the period of limitation shall be deemed extended accordingly.
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