Time limit for completion of assessments and reassessments.

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....No order of assessment or reassessment shall be made under section 10 after the expiry of two years from the end of the financial year in which the notice under that section was served. (3) Notwithstanding anything contained in sub-sections (1) and (2), an order of fresh assessment in pursuance of an order passed under section 15, section 16, section 19 or section 20, setting aside or cancelling ....

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....ay, subject to the provisions of sub-section (3), be completed at any time. Explanation 1.—In computing the period of limitation for the purposes of this section— (i) the time taken in reopening the whole or any part of the proceeding; or (ii) the period during which the assessment proceeding is stayed by an order or injunction of any court, shall be excluded. Explanation 2.—Where, by a....