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Income Tax - Highlights / Catch Notes

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Period of limitations u/s 153 - Extend of time period for ...


Income Tax Assessment Period Extended to 12 Months for Better Coordination and Ample Taxpayer Response Time.

February 6, 2023

Notes     Income Tax

Period of limitations u/s 153 - Extend of time period for completion of assessment u/s 143 or 144 from 9 months to 12 month for the alignment & co-ordination with various authorities Assessment Unit, Verification Unit, Technical Unit and Review Unit for revenue as well as proper time for taxpayers to provide evidences.

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