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TMI BlogTime limit for completion of block assessment [ Section 158BE ]X X X X Extracts X X X X X X X X Extracts X X X X ..... fer Pricing References In a case where search under section 132 was initiated, or requisition under section 132A was made, and during the course of the proceedings for the assessment or reassessment of the total income of the relevant block period, any reference under of section 92CA(1) is made, the period available for making an order of assessment or reassessment in respect of the block period shall be extended by twelve months. [ First Proviso of section 158BE(1) ] Time period exclude while computing the period limitation under section 158BE(1) [ Section 158BE(2) ] In computing the period of limitation under section 158BE(1) , the period (not exceeding 180 days) commencing from the date on which a search is initiated under section 132 or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... referred to in section 158BD, a reference under section 92CA(1) is made, the period available for making an order of assessment in respect of the block period in case of such other person shall be extended by twelve months. In the computation of time period limitation under section 158BE following time period shall be exclude [ Section 158BE(4) In computing the period of limitation under this section, the following period shall be excluded, (i) Stay period - the period during which the assessment proceeding is stayed by an order or injunction of any court; or (ii) Period of exchange of information - the period commencing from the date on which a reference or first of the references for exchange of information is made by an authority compet ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Government or the prescribed authority, the contravention of the provisions of clause (21) or clause (22B) or clause (23A) or clause (23B) of section 10 , under sub-clause (i) of the first proviso to section 143(3) and ending with the date on which the copy of the order withdrawing the approval or rescinding the notification, as the case may be, under those clauses is received by the Assessing Officer; or (vii) Period of referral and receipt of order under section 10(23C) or 12AB(4) - the period commencing from the date on which the Assessing Officer makes a reference to the Principal Commissioner or Commissioner under the second proviso to section 143(3) and ending with the date on which the copy of the order under clause (ii) or clause (i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imitation referred to in sub-section (1) or sub-section (3) available to the Assessing Officer for making an order under section 158BC(1)(c) is less than sixty days, such remaining period shall be extended to sixty days and the aforesaid period of limitation shall be deemed to be extended accordingly: Provided further that where after extension of the period referred to in the first proviso, the period of limitation for making an order of assessment or reassessment, as the case may be, expires before the end of a month, such period shall be extended to the end of such month. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com ..... X X X X Extracts X X X X X X X X Extracts X X X X
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