Dispute Resolution Panel: clarifies that assessment time-limits remain governed by section 144C when drafts are timely forwarded. The Bill inserts sub sections (4A), (4B), (13A) and (13B) into section 144C to clarify that when a draft assessment is forwarded within the time allowed by section 153 or 153B, the time available to the Assessing Officer to complete the assessment under sub sections (3) and (13) is governed by, and deemed always to have been governed by, the specified provisions of section 144C; the amendments operate retrospectively for the respective dates stated.
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Dispute Resolution Panel: clarifies that assessment time-limits remain governed by section 144C when drafts are timely forwarded.
The Bill inserts sub sections (4A), (4B), (13A) and (13B) into section 144C to clarify that when a draft assessment is forwarded within the time allowed by section 153 or 153B, the time available to the Assessing Officer to complete the assessment under sub sections (3) and (13) is governed by, and deemed always to have been governed by, the specified provisions of section 144C; the amendments operate retrospectively for the respective dates stated.
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