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    <description>Limitation periods bar the Assessing Officer from making assessments, reassessments or recomputations after prescribed outer time limits measured from the end of the relevant financial year or triggering events, with a longer ceiling when a reference to the Transfer Prices Officer is involved. Specified exclusions-including Advance Pricing Agreement proceedings, reopening or rehearing time, stays by court orders, audit directions, specified notice-and-order intervals, Authority for Advance Rulings and Settlement Commission applications-are not counted when computing limitation; if exclusion leaves less than sixty days, the available period is extended to sixty days. The limitation regime excludes actions taken to give effect to certain orders or court findings.</description>
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