9911796707
TMI BlogTime limit for completion of assessment u/s 153A - Section 153BX X X X Extracts X X X X X X X X Extracts X X X X ..... for requisition u/s 132A was executed 33 months from the end of the financial year in which the last of the authorisations for search u/s 132 or for requisition u/s 132A was executed on the 1st day of April, 2018 to 31st March 2019 18 months from the end of the financial year in which the last of the authorisations for search u/s 132 or for requisition u/s 132A was executed 30 months from the end of the financial year in which the last of the authorisations for search u/s 132 or for requisition u/s 132A was executed on or after the 1st day of April, 2019 12 months from the end of the financial year in which the last of the authorisations for search u/s 132 or for requisition u/s 132A was executed 24 months from the end of the financial yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sition u/s 132A was executed 24 months from the end of the financial year in which the last of the authorisations for search u/s 132 or for requisition u/s 132A was executed Although the return of income of PY in which search was conducted shall be filed as per the normal provisions but the assessment of AY relevant to such PY shall have to be completed within the aforesaid time. Period of limitation to exclude certain period: Period of Stay - the period during which the assessment proceeding is stayed by an order or injunction of any court; Period of Audit done u/s 142(2A) - the period commencing from the date on which the Assessing Officer directs the assessee to get his accounts audited u/s 142(2A) ; Period of Valuation done u/s 142(1) - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 53A(2) , till the date of the receipt of the order setting aside the order of such annulment, by the Principal Commissioner or Commissioner; the period commencing from the date on which a reference or first of the references 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 requested is last received by the Principal Commissioner or Commissioner or a period of one year, whichever is less; he period commencing from the date on which a reference for declaration of an arrangement to be an impermissible avoidance arrangement is received by the Principal Commissioner or Commissioner under section 144BA(1) and ending on the da ..... X X X X Extracts X X X X X X X X Extracts X X X X
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