TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Income-tax Act: Assessment Orders Must Be Completed Within Two Years u/s 153(1.</h1> The Direct Tax Laws (Amendment) Act, 1987, effective April 1, 1989, has modified sub-section (1) of section 153 of the Income-tax Act. The amendment stipulates that no assessment orders under sections 143 or 144 can be made beyond two years from the end of the assessment year in which the income was first assessable. The previously available extended time limits for assessments under certain clauses have been removed. Consequently, assessments for the year commencing April 1, 1986, or earlier must be completed by March 31, 1989. Assessing Officers are instructed to comply with this deadline.
TaxTMI 
TaxTMI 
