Limitation periods for reference applications clarified for wealth, gift and estate duty laws, requiring adherence to statutory filing windows. Clarifies that officers must apply the specific limitation periods prescribed by the Wealth-tax Act, Gift-tax Act and Estate Duty Act when seeking Board authorisation to file reference applications, rather than the longer time limit under the Income-tax Act, and directs that those statutory filing windows be observed to avoid defective proposals.
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Provisions expressly mentioned in the judgment/order text.
Limitation periods for reference applications clarified for wealth, gift and estate duty laws, requiring adherence to statutory filing windows.
Clarifies that officers must apply the specific limitation periods prescribed by the Wealth-tax Act, Gift-tax Act and Estate Duty Act when seeking Board authorisation to file reference applications, rather than the longer time limit under the Income-tax Act, and directs that those statutory filing windows be observed to avoid defective proposals.
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