Time limit for completion of assessment, reassessment and recomputation

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....nancial year succeeding the relevant tax year for which assessment is made. One year. 2. Assessment order under section 270(10) or 271, where an updated return of income is furnished under section 263(6).  End of the financial year in which such updated return was furnished. One year. 3. Assessment order under section 270(10) or 271, where return is furnished in consequence of order under section 239(3)(b). End of the financial year in which such return was furnished. One year. 4.  Assessment, reassessment or recomputation order under section 279. End of the financial year in which notice under section 280 was served. One year. 5. Fresh assessment order or fresh order under section 166 in pursuance to an order under....

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.... to be carried out; or (ii) an opportunity of being heard is to be given to the assessee. End of the month in which order under section 359 or 363 or 365(10) or 368 is received by, or order under section 377 or 378 is passed by, the jurisdictional Principal Commissioner or Commissioner. One year. 10. Order giving effect to an order under section 359 or 363 or 365(10) or 368 or 377 or 378 otherwise than by making a fresh assessment or reassessment or fresh order under section 166. End of the month in which order under section 359 or 363 or 365(10) or 368 is received by, or order under section 377 or 378 is passed by, the jurisdictional Principal Commissioner or Commissioner. Six months, extendable to nine months with the approval of ....

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....g the notification, as the case may be, under those provisions is received by the Assessing Officer; or (d) the period commencing from the date on which the Assessing Officer directs the assessee to get his accounts audited or inventory valued under section 268(5) and-- (i) ending with the last date on which the assessee is required to furnish a report of such audit or inventory valuation under that section; or (ii) where such direction is challenged before a court, ending with the date on which the order setting aside such direction is received by the Principal Commissioner or Commissioner; or (e) the period commencing from the date on which the Assessing Officer makes a reference to the Valuation Officer under section 269(1) and e....

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.... the date on which the Assessing Officer makes a reference to the jurisdictional Principal Commissioner or Commissioner under section 270(13) and ending with the date on which copy of the order under section 351(2)(ii)(A) or (B), is received by the Assessing Officer. (4) Where immediately after exclusion of the period as mentioned in sub-section (3), the remaining period for completion available to the Assessing Officer, as specified in sub-section (1), for making an order of assessment, reassessment or recomputation, is less than sixty days, such remaining period shall be extended to sixty days and the aforesaid time limits for completion shall be deemed to have been extended accordingly. (5) Where the period available to the Transfer Pr....