Amendment of section 275.

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....ssment order under sub-section (3) within one month from the end of the month in which,- (i) the acceptance is received; or (ii) the period of filing of objections under sub-section (2) expires. (b) Irrespective of anything contained in section 286, where a draft of the proposed order of assessment under sub-section (1) is forwarded within the time period allowed under t....

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....rded within the time period allowed under section 286, time period available for the Assessing Officer under this sub-section to pass the assessment order upon receipt of the direction issued under sub-section (5), shall be governed by the provisions of sub-section (13) and this sub-section.". - Clause 61 of the Bill seeks to amend section 275 of the Income-tax Act, 2025 relating to reference....

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....the draft assessment order is forwarded to the eligible assessee; and (iii) passing of the final assessment order - irrespective of anything contained in section 286 of the said Act, within one month from the end of the month in which the directions of the Dispute Resolution Panel are received, as mandated under section 275(14) of the said Act. In cases where the assessee accepts the d....