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Amendment of section 153
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....y:-- "(iii) the period commencing from the date on which the Assessing Officer directs the assesse to get his accounts audited under sub-section (2A) of section 142 and-- (a) ending with the las....
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....ade by an authority competent under an agreement referred to in section 90 or section 90A and ending with the date on which the information requested is last received by the Commissioner or a period of one year, whichever is less,"; (c) clause (ix) shall be omitted; (d) in clause ....
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....; The existing provisions contained in Explanation 1 to the aforesaid section provide that certain periods specified therein are to be excluded while computing the period of limitation for the purposes of the said section. It is proposed to substitute clause (iii) in the aforesaid Explanation 1 so as to provide that the period, commencing from the date on which the ....
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....th the date on which the information so requested is received by the Commissioner or a period of one year, whichever is less, in computing the period of limitation for the purposes of section 153. It is proposed to substitute the aforesaid clause so as to provide that the period, commencing from the date on which a reference or first of the references for exchange of inf....