Limitation period exclusions in tax assessments clarified, specifying intervals not counted when computing assessment limitation. The amendment provides that, for computing the limitation period under section 153, the following periods shall be excluded: time taken to re-open or re-hear proceedings under the proviso to section 129; periods while assessment proceedings are stayed by court order; the interval from an Income-tax Officer's direction for an audit under section 142(2A) until the assessee furnishes the audit report; the period following forwarding of a draft order under section 144E until directions are received from the Inspecting Assistant Commissioner or a shorter period if no objections are received; and the period from filing an application before the Settlement Commission under section 245C until the Commissioner receives the order under section 245D.