Assessment limitation periods govern regular, reassessment and consequential income-tax proceedings with specific extensions and exclusions. Prescribes the limitation periods for completion of assessment, reassessment and recomputation under the income-tax provisions, with separate time limits for regular assessment, updated returns, reassessment on notice under section 148, fresh assessment after setting aside or cancellation, search-related proceedings, transfer pricing references, and giving effect to appellate or revisional orders. It also provides extensions in specified situations and clarifies the deemed timing of the draft order under section 144C(1) within the applicable limitation period.
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.
Assessment limitation periods govern regular, reassessment and consequential income-tax proceedings with specific extensions and exclusions.
Prescribes the limitation periods for completion of assessment, reassessment and recomputation under the income-tax provisions, with separate time limits for regular assessment, updated returns, reassessment on notice under section 148, fresh assessment after setting aside or cancellation, search-related proceedings, transfer pricing references, and giving effect to appellate or revisional orders. It also provides extensions in specified situations and clarifies the deemed timing of the draft order under section 144C(1) within the applicable limitation period.
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