Limitation on assessment: assessments under sections 143/144 barred after the two year statutory time limit; instruction directs officers promptly. Substitution of sub section (1) of section 153 limits assessment orders under sections 143 and 144 to a two year period from the end of the assessment year in which income was first assessable, removes the extended time limits previously available under clauses (b), (c) and (d), and directs Assessing Officers to disregard those extensions and complete outstanding assessments for 1986 87 and earlier by the Board's stated deadline.
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 on assessment: assessments under sections 143/144 barred after the two year statutory time limit; instruction directs officers promptly.
Substitution of sub section (1) of section 153 limits assessment orders under sections 143 and 144 to a two year period from the end of the assessment year in which income was first assessable, removes the extended time limits previously available under clauses (b), (c) and (d), and directs Assessing Officers to disregard those extensions and complete outstanding assessments for 1986 87 and earlier by the Board's stated deadline.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
