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<h1>Income Tax Assessment Time Limits Vary by Year; Additional 12 Months if Transfer Pricing Officer Involved Under Section 143(3).</h1> The time limits for making assessments under section 143(3) of the Income Tax Law vary by assessment year: 21 months for 2017-18 or earlier, 18 months for 2018-19, 12 months for 2019-20, 18 months for 2020-21, 9 months for 2021-22, and 12 months for 2022-23 onwards. If a reference is made to the Transfer Pricing Officer, the assessment period extends by 12 months. For returns furnished under section 139(8a), the assessment order must be passed within 9 months from the end of the financial year in which the return was filed.