Assessment time limit: assessment orders under section 172 must be issued within the prescribed post filing period or transitional deadline. A newly inserted provision limits assessment orders made following a return to within nine months from the end of the financial year in which the return ... Summary
Assessment time limit: assessment orders under section 172 must be issued within the prescribed post filing period or transitional deadline.
A newly inserted provision limits assessment orders made following a return to within nine months from the end of the financial year in which the return was furnished, with a transitional proviso fixing a completion deadline for returns filed before the operative cutoff.
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