Limitation for revived assessments: minimum one-year period established for making assessment orders following revival or abatement. Orders of assessment or reassessment revived under the revival mechanism must be completed within one year from the end of the month of revival or within any longer limitation period available, whichever is later. Where Settlement Commission proceedings abate, after excluding the abatement period the remaining limitation for assessment, reassessment or recomputation shall be not less than one year and shall be extended to one year if shorter, with that minimum applying also for determining limitation under related assessment and rectification provisions and for calculating interest.
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.
Limitation for revived assessments: minimum one-year period established for making assessment orders following revival or abatement.
Orders of assessment or reassessment revived under the revival mechanism must be completed within one year from the end of the month of revival or within any longer limitation period available, whichever is later. Where Settlement Commission proceedings abate, after excluding the abatement period the remaining limitation for assessment, reassessment or recomputation shall be not less than one year and shall be extended to one year if shorter, with that minimum applying also for determining limitation under related assessment and rectification provisions and for calculating interest.
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