TIME LIMIT FOR COMPLETION OF ASSESSMENT FROM THE DATE OF SPECIAL AUDITOR’S REPORT UNDER INCOME TAX ACT, 1961

TIME LIMIT FOR COMPLETION OF ASSESSMENT FROM THE DATE OF SPECIAL AUDITOR’S REPORT UNDER INCOME TAX ACT, 1961 https://www.taxtmi.com/article/detailed?id=6798 Special audit directions require prior Commissioner approval and a reasonable opportunity of hearing; the nominated accountant must supply a prescribed report and the statutory due date for that report governs the extension of the assessment limitation period. Proof that an assessment order was issued within the extended limitation period depends on objective evidence of issuance beyond the tax authority's control, particularly contemporaneous dispatch records, and absence of such proof undermines claims that assessments were within time. en-us Tue, 26 Apr 2016 09:49:33 +0530 Tue, 26 Apr 2016 09:49:33 +0530 TaxTMI RSS Generator TIME LIMIT FOR COMPLETION OF ASSESSMENT FROM THE DATE OF SPECIAL AUDITOR’S REPORT UNDER INCOME TAX ACT, 1961 https://www.taxtmi.com/article/detailed?id=6798 Special audit directions require prior Commissioner approval and a reasonable opportunity of hearing; the nominated accountant must supply a prescribed report and the statutory due date for that report governs the extension of the assessment limitation period. Proof that an assessment order was issued within the extended limitation period depends on objective evidence of issuance beyond the tax authority's control, particularly contemporaneous dispatch records, and absence of such proof undermines claims that assessments were within time. Articles Income Tax Tue, 26 Apr 2016 09:49:33 +0530 https://www.taxtmi.com/article/detailed?id=6798