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of <h1>Tax officer can amend assessments within four-year window to correct partner shares, losses, gains, deductions, and transfer pricing effects</h1> Assessing Officer may amend completed assessments for specified reasons within a four-year window measured from event dates set in the Table; listed amendments include adjusting partner or member shares, recomputing carry-forward loss/depreciation effects, correcting capital gains on transfers or compensation revisions, allowing previously withheld deductions when funds are brought into India, disallowing deductions on revoked patents, and reallocating tax-deducted credits to the correct year, subject to prescribed conditions and time triggers. Separately, where transfer pricing adjustments are finalized and an option validated for two consecutive years, the officer must recompute those two years' incomes in conformity with the arm's-length determination within the specified three-month periods.
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