Time limit for passing order 143(3)


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2012 sir,
as per recent amendment, time limit of passing order U/s. 143(3) is 24 month form the end of the assessment year. from where its applicable... what is the date of this notifiaction?

20 September 2012 Two years from the end of the assessment year in which the income was first assessable.
It has been changed from the finance act 2012 and the period of 21 months has been substituted for 2 years from the A.Y 2010-11


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