Limitation Period for Assessment Orders u/s 153A: Only Substantive Actions Like Seizures Affect Timeframe.

Limitation Period for Assessment Orders u/s 153A: Only Substantive Actions Like Seizures Affect Timeframe. https://www.taxtmi.com/highlights?id=22549 Validity of the assessment orders u/s 153A, r.w.s. 143(3) - period of limitation - if no seizure is made on that date and nothing is done except lifting the prohibitory orders then the last punchnama drawn on that date would not be relevant to compute the limitation period for framing the assessment. - AT en-us Fri, 17 Apr 2015 14:47:54 +0530 Fri, 17 Apr 2015 14:47:54 +0530 TaxTMI RSS Generator Limitation Period for Assessment Orders u/s 153A: Only Substantive Actions Like Seizures Affect Timeframe. https://www.taxtmi.com/highlights?id=22549 Validity of the assessment orders u/s 153A, r.w.s. 143(3) - period of limitation - if no seizure is made on that date and nothing is done except lifting the prohibitory orders then the last punchnama drawn on that date would not be relevant to compute the limitation period for framing the assessment. - AT Highlights Income Tax Fri, 17 Apr 2015 14:47:54 +0530 https://www.taxtmi.com/highlights?id=22549