Limitation period extension: assessment time-bar extended where an assessee files an application under section 143 triggering an additional expiry. Amendment to section 153 adds a new clause making the limitation period expire six months after the month in which an application under clause (a) of sub-section (2) of section 143 is made, and inserts an Explanation treating the period from receipt of a declaration under sub-section (1) of section 158A until the Income-tax Officer's order under sub-section (3) of that section as part of the relevant period for section 153.
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Limitation period extension: assessment time-bar extended where an assessee files an application under section 143 triggering an additional expiry.
Amendment to section 153 adds a new clause making the limitation period expire six months after the month in which an application under clause (a) of sub-section (2) of section 143 is made, and inserts an Explanation treating the period from receipt of a declaration under sub-section (1) of section 158A until the Income-tax Officer's order under sub-section (3) of that section as part of the relevant period for section 153.
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