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
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