TaxTMI 
TaxTMI 
Insertion of new section 17A
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....tion 16 at any time after the expiration of a period of- (a) four years commencing on and from the 1st day of April, 1975 or one year from the date of the filing of a return or a revised return under section 15, whichever is later, where the assessment year is an assessment year commencing before that date; (b) four years from the end of the assessment year in which the net wealth was first as....
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....ssessment year in which such notice was served; (c) where the assessment or re-assessment is to be made in a case falling within clause (b) of sub-section (1) of section 17 for which a notice has been served under that sub-section on or after the 1st day of April, 1975, after the expiration of a period of-- (i) four years from the end of the assessment year in which the net wealth was first as....
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.... any finding or direction contained in an order under section 23, section 24, section 25, section 27 or section 29 or in an order of any court in a proceeding otherwise than by way of appeal or reference under this Act, and such assessment or re-assessment, may, subject to the provisions of subsection (3), be completed at any time. Explanation 1.-In computing the period of limitation for the pur....