https://www.taxtmi.com/acts?id=23581 The amendment shortens and clarifies the time-limit for making assessments and reassessments following searches or requisitions, extending the limitation period rule to associated assessment years, imposing transitional reductions of the limitation period for specified financial years, and providing that limitation for other persons is either the searched person's period or twelve months from handover of seized or requisitioned materials, whichever is later; it also ensures a minimum one year residual limitation after abatement of Settlement Commission proceedings and preserves prior limits for notices issued before the retrospective cut off. en-us Wed, 01 Feb 2017 18:01:00 +0530 Wed, 01 Feb 2017 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23581 The amendment shortens and clarifies the time-limit for making assessments and reassessments following searches or requisitions, extending the limitation period rule to associated assessment years, imposing transitional reductions of the limitation period for specified financial years, and providing that limitation for other persons is either the searched person's period or twelve months from handover of seized or requisitioned materials, whichever is later; it also ensures a minimum one year residual limitation after abatement of Settlement Commission proceedings and preserves prior limits for notices issued before the retrospective cut off. Act-Rules Bill Wed, 01 Feb 2017 18:01:00 +0530 https://www.taxtmi.com/acts?id=23581