ERROR IN SEC.292BB......!!!!!!!

IT WOULD BE INTERESTING TO NOTE THAT,

 

IN SEC. 292BB, WHICH VALIDATE NOTICES OF DEPT. IN CERTAIN CIRCUMSTANCES, CONTAINS AN ERROR MAY BE PRINTING OR OTHERWISE, VIZ.......

 

IN THE SECTION, THE PROVISO CONTAINS THE WORD "COMPELETION" WHICH IT SHOULD BE ACTUALLY "COMMENCEMENT".................

 

EVEN THE MEMORANDUM EXPLAINING THE PROVISIONS OF SEC.292BB, IMPLIEDLY SAYS THAT THE OBJECTION SHOULD BE RAISED BEFORE "COMMENCEMENT" OF ASSESSMENT AND NOT "COMPELETION"..........!!!!!!!!!!!!

 

ANY CLARITY ON THIS ISSUE.............??????

Replies (1)

i think its is completion and not commencement ,  commencement/initation  of assessment proceedings begins with the issue of the notice . the intention of the legislature doesnt seem to make the assessee a total handicap.Obviously the assessee reserves the right to challenge the service of a notice , but he can only do after the notice is served wrongly according to him .

So i think its completion and not commencement . The provisions mentions completion , i think there must be some mistake in memorandum as pointed out by you .

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details