Time barred assessments
This query is : Resolved
26 November 2022
Against belated return filed by the assesee for the assessment year 2020-21 on 31/10/2021, assessment order was passed on 31/10/2022.
Whether assessment order is time barred ?
Whether assessment order is time barred ?
26 November 2022
No.
Sec.153(1).... Passing assessment order under section 143 or 144
a) Within 21 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2017-18 or before]
b) Within 18 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2018-19]
c) Within 12 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2019-20]
d) Within 18 months from end of the assessment year in which income was first assessable [Applicable for assessment year 2020-21].....................
Sec.153(1).... Passing assessment order under section 143 or 144
a) Within 21 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2017-18 or before]
b) Within 18 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2018-19]
c) Within 12 months from end of the assessment year in which income was first assessable. [Applicable for assessment year 2019-20]
d) Within 18 months from end of the assessment year in which income was first assessable [Applicable for assessment year 2020-21].....................
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