Assessment time limit extended for transfer pricing references, with draft proposed orders allowed up to the applicable deadline. Amendment of section 286 extends the time limit for completion of assessment or reassessment by twelve months where a reference is made to the Transfer Pricing Officer for determination of arm's length price under section 166(1). It also allows the draft proposed assessment order referred to in section 275 to be made up to the applicable time limit for assessment, reassessment or recomputation.
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Provisions expressly mentioned in the judgment/order text.
Assessment time limit extended for transfer pricing references, with draft proposed orders allowed up to the applicable deadline.
Amendment of section 286 extends the time limit for completion of assessment or reassessment by twelve months where a reference is made to the Transfer Pricing Officer for determination of arm's length price under section 166(1). It also allows the draft proposed assessment order referred to in section 275 to be made up to the applicable time limit for assessment, reassessment or recomputation.
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