Time-limit exclusion for stayed tax proceedings clarified: exclusion runs from grant of stay until receipt of certified vacating order. The clause substitutes Explanation 1 to section 153 to specify that the exclusion period for stayed assessment proceedings begins on the date a court grants the stay and ends on the date a certified copy of the order vacating the stay is received by the jurisdictional Principal Commissioner or Commissioner.
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Time-limit exclusion for stayed tax proceedings clarified: exclusion runs from grant of stay until receipt of certified vacating order.
The clause substitutes Explanation 1 to section 153 to specify that the exclusion period for stayed assessment proceedings begins on the date a court grants the stay and ends on the date a certified copy of the order vacating the stay is received by the jurisdictional Principal Commissioner or Commissioner.
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