https://www.taxtmi.com/acts?id=39647 Establishes a time limit requiring that inquiries or investigations leading to a notice under section 28(1) or 28(4) be completed by issuance of that notice within two years of initiation (audit, search, seizure or summons), with a possible one year extension by the Principal Commissioner or Commissioner for sufficient cause recorded in writing; excludes periods of court/tribunal stay and time to obtain overseas information; does not apply to proceedings begun before assent to the Finance Bill, 2021. en-us Tue, 30 Mar 2021 15:29:51 +0530 Tue, 30 Mar 2021 15:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39647 Establishes a time limit requiring that inquiries or investigations leading to a notice under section 28(1) or 28(4) be completed by issuance of that notice within two years of initiation (audit, search, seizure or summons), with a possible one year extension by the Principal Commissioner or Commissioner for sufficient cause recorded in writing; excludes periods of court/tribunal stay and time to obtain overseas information; does not apply to proceedings begun before assent to the Finance Bill, 2021. Act-Rules F. Acts / Amendment Acts Tue, 30 Mar 2021 15:29:51 +0530 https://www.taxtmi.com/acts?id=39647