https://www.taxtmi.com/acts?id=50765 Substitution of section 17A shortens assessment limitation periods: assessment under section 16 and assessment/reassessment under section 17 are subject to a two-year time-bar measured from the relevant year-end, while transitional provisos permit completion of matters tied to the financial years commencing 1 April 1985 or 1 April 1986 on or before 31 March 1990; sub-section (3) likewise replaces a four-year limit with two years and adds a similar transitional proviso for orders setting aside or cancelling assessments. en-us Mon, 14 Apr 2025 18:26:32 +0530 Mon, 14 Apr 2025 18:26:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50765 Substitution of section 17A shortens assessment limitation periods: assessment under section 16 and assessment/reassessment under section 17 are subject to a two-year time-bar measured from the relevant year-end, while transitional provisos permit completion of matters tied to the financial years commencing 1 April 1985 or 1 April 1986 on or before 31 March 1990; sub-section (3) likewise replaces a four-year limit with two years and adds a similar transitional proviso for orders setting aside or cancelling assessments. Act-Rules F. Acts / Amendment Acts Mon, 14 Apr 2025 18:26:32 +0530 https://www.taxtmi.com/acts?id=50765