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Assessment getting time barred
Individual Assessee has first time filed his return of income for A.Y. 2014-15 on Dt. 15/12/2015. The assessee received notice u/s. 143(2) on Dt. 28/07/2016. What is the date upto which the assessment has to be completed by AO. ?
Replies (1)
Is it limited Scrutiny? Usually 3 months, once the process starts.
As per section 153, assessment u/s 143(3) or u/s 144 (Best Judgment Assessment), Time limit is within 2 years from the end of the relevant AY.
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