Limitation period tolling for stays, audits, re-hearings and settlement rejections; remaining limitation extended to sixty days. Amendment to section 158BE substitutes Explanation 1 to exclude specified interruption periods from the computation of limitation: stays by court, the period between a directive for accounts audit under section 142(2A) and the audit report deadline, time taken for reopening or re-hearing under the proviso to section 129, and the period from a Settlement Commission application under section 245C until the order under section 245D(1) is received by the Commissioner; if the remaining time for an order under clause (c) of section 158BC is under sixty days after exclusion, it is extended to sixty days.
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Limitation period tolling for stays, audits, re-hearings and settlement rejections; remaining limitation extended to sixty days.
Amendment to section 158BE substitutes Explanation 1 to exclude specified interruption periods from the computation of limitation: stays by court, the period between a directive for accounts audit under section 142(2A) and the audit report deadline, time taken for reopening or re-hearing under the proviso to section 129, and the period from a Settlement Commission application under section 245C until the order under section 245D(1) is received by the Commissioner; if the remaining time for an order under clause (c) of section 158BC is under sixty days after exclusion, it is extended to sixty days.
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