Limitation extension for revived assessments: assessment orders must be completed within one year from revival or later prescribed period. Where an assessment or reassessment stands revived under sub section (2) of section 153A, the order must be made within one year from the end of the month ... Summary
Limitation extension for revived assessments: assessment orders must be completed within one year from revival or later prescribed period.
Where an assessment or reassessment stands revived under sub section (2) of section 153A, the order must be made within one year from the end of the month of such revival or within the later of the periods specified in section 153 or sub section (1) of section 153B; where Settlement Commission proceedings abate under section 245HA, the period of limitation for assessment, reassessment or recomputation shall be not less than one year and is deemed extended to one year if shorter, applying for specified limitation and interest provisions.
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