Limitation period extension increases the statutory assessment period under income tax following the amendment provision. The amendment substitutes the existing phrase denoting a one-year limitation with language denoting a three-year limitation in the specified provision of the Income-tax Act, extending the period for tax-related actions and taking effect from the commencement date set by the amendment.
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.
Limitation period extension increases the statutory assessment period under income tax following the amendment provision.
The amendment substitutes the existing phrase denoting a one-year limitation with language denoting a three-year limitation in the specified provision of the Income-tax Act, extending the period for tax-related actions and taking effect from the commencement date set by the amendment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
