Time limit for assessment order under sec-144
This query is : Open
20 March 2018
An assessment order by the ITO/AO has been passed against my company for AY 2011-12 in the month of March 2014.
Is this order valid as the time limit for assessments under sec-144 is prescribed as 2 years / 21 months in sec-153(1) of IT Act?
Pls advise.
Is this order valid as the time limit for assessments under sec-144 is prescribed as 2 years / 21 months in sec-153(1) of IT Act?
Pls advise.
21 March 2018
it should be time barred as such unless there are additional facts that may lead to additional time under other sub-sections of section 153
21 March 2018
Thanks for the reply.
Can you please elaborate on the facts that can lead to additional time in layman's terms?
Can you please elaborate on the facts that can lead to additional time in layman's terms?
24 March 2018
Can anyone provide some clarification about the "additional facts"?
Thanks
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
