Stay of proceedings tolls limitation period until certified vacating order is received by the jurisdictional tax commissioner. The substituted clause in section 158BFA clarifies that the period excluded from limitation begins on the date the court granted 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, thereby fixing the commencement and cessation events for tolling the limitation period in levy of interest and penalty in search assessments.
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Provisions expressly mentioned in the judgment/order text.
Stay of proceedings tolls limitation period until certified vacating order is received by the jurisdictional tax commissioner.
The substituted clause in section 158BFA clarifies that the period excluded from limitation begins on the date the court granted 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, thereby fixing the commencement and cessation events for tolling the limitation period in levy of interest and penalty in search assessments.
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