Limitation for deeming tax-collector default: exclusion of court stay periods aligns time-limit rules with reassessment principles. The amendment makes the limitation period for deeming a person an assessee in default for failure to collect tax subject to exclusion of periods such as ... Summary
Limitation for deeming tax-collector default: exclusion of court stay periods aligns time-limit rules with reassessment principles.
The amendment makes the limitation period for deeming a person an assessee in default for failure to collect tax subject to exclusion of periods such as court stays by applying the exclusion and suspension principles of the general reassessment framework to that time limit; the change is to take effect from the first day of April, 2025.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
