Extension of limitation period: remaining assessment time is fixed to a statutory minimum when it falls below the threshold. The amendment inserts a proviso to Explanation 1 of section 16A providing that where, immediately after exclusion of the specified time or period, the remaining period of limitation available to the Assessing Officer under the cited sub-sections for assessment or reassessment is less than sixty days, that remaining period shall be extended to sixty days and the period of limitation 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: remaining assessment time is fixed to a statutory minimum when it falls below the threshold.
The amendment inserts a proviso to Explanation 1 of section 16A providing that where, immediately after exclusion of the specified time or period, the remaining period of limitation available to the Assessing Officer under the cited sub-sections for assessment or reassessment is less than sixty days, that remaining period shall be extended to sixty days and the period of limitation deemed extended accordingly.
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 
