https://www.taxtmi.com/acts?id=50173 The amendment provides that, for computing the limitation period under section 153, the following periods shall be excluded: time taken to re-open or re-hear proceedings under the proviso to section 129; periods while assessment proceedings are stayed by court order; the interval from an Income-tax Officer's direction for an audit under section 142(2A) until the assessee furnishes the audit report; the period following forwarding of a draft order under section 144E until directions are received from the Inspecting Assistant Commissioner or a shorter period if no objections are received; and the period from filing an application before the Settlement Commission under section 245C until the Commissioner receives the order under section 245D. en-us Wed, 05 Mar 2025 13:05:28 +0530 Wed, 05 Mar 2025 13:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50173 The amendment provides that, for computing the limitation period under section 153, the following periods shall be excluded: time taken to re-open or re-hear proceedings under the proviso to section 129; periods while assessment proceedings are stayed by court order; the interval from an Income-tax Officer's direction for an audit under section 142(2A) until the assessee furnishes the audit report; the period following forwarding of a draft order under section 144E until directions are received from the Inspecting Assistant Commissioner or a shorter period if no objections are received; and the period from filing an application before the Settlement Commission under section 245C until the Commissioner receives the order under section 245D. Act-Rules F. Acts / Amendment Acts Wed, 05 Mar 2025 13:05:28 +0530 https://www.taxtmi.com/acts?id=50173