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TMI BlogAmendment of section 153BX X X X Extracts X X X X X X X X Extracts X X X X ..... esse to get his accounts audited under sub-section (2A) of section 142 and (a) ending with the last date on which the assessee is required to furnish a report of such audit under that sub-section; or (b) where such direction is challenged before a court, ending with the date on which the order setting aside such direction is received by the Commissioner, or ; (b) for clause (viii), the following c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioner under sub-section (1) of section 144BA and ending on the date on which a direction under subsection (3) or sub-section (6) or an order under sub-section (5) of the said section is received by the Assessing Officer, . - Clause 38 of the Bill seeks to amend section 153B of the Income-tax Act relating to time limit for completion of assessment under section 153A. The existing provisions contain ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the purposes of section 153. The existing provisions contained in clause (viii) of Explanation to section 153B provides for exclusion of the period, commencing from the date on which a reference for exchange of information is made by an authority competent under an agreement referred to in section 90 or section 90A and ending with the date on which the information so requested is received by t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amendment will take effect retrospectively from 1st April, 2013. It is also proposed to insert clause (ix) in Explanation 1 of sub-section (4) of the aforesaid section so as to provide for exclusion of time period starting from receipt of reference by the Commissioner under sub-section (1) of newly inserted section 144BA and ending on date on which a direction under sub-section (3) or sub-section ..... X X X X Extracts X X X X X X X X Extracts X X X X
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