Time limit for tax assessments clarified: draft proposed orders are deemed made up to the statutory assessment deadline, retrospectively. The amendment adds a provision clarifying that the draft of the proposed order of assessment under the special contested-assessment procedure shall be deemed to have been made at any time up to the statutory time limit for assessment, reassessment or recomputation, and that this clarification operates notwithstanding any court judgment and with retrospective effect.
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.
Time limit for tax assessments clarified: draft proposed orders are deemed made up to the statutory assessment deadline, retrospectively.
The amendment adds a provision clarifying that the draft of the proposed order of assessment under the special contested-assessment procedure shall be deemed to have been made at any time up to the statutory time limit for assessment, reassessment or recomputation, and that this clarification operates notwithstanding any court judgment and with retrospective effect.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
