India - Income Tax Act 2010 - Saarc

S. 153 I.T. ACT, 1961 1.682(iv) 60 [* * *]61[(iva) the period (not exceeding sixty days) commencing from the date onwhich the 62 [Assessing] Officer received the declaration under subsection(1) of section 158A and ending with the date on which theorder under sub-section (3) of that section is made by him, or](v) in a case where an application made before the Income-tax SettlementCommission under section 245C is rejected by it or is notallowed to be proceeded with by it, the period commencing from thedate on which such application is made and ending with the date onwhich the order under sub-section (1) of section 245D is received bythe Commissioner under sub-section (2) of that section, 63 [or]63[(vi) the period commencing from the date on which an application ismade before the Authority for Advance Rulings under sub-section (1)of section 245Q and ending with the date on which the order rejectingthe application is received by the Commissioner under sub-section (3)of section 245R, or(vii) the period commencing from the date on which an application ismade before the Authority for Advance Rulings under sub-section (1)of section 245Q and ending with the date on which the advance rulingpronounced by it is received by the Commissioner under sub-section(7) of section 245R,]shall be excluded :64[Provided that where immediately after the exclusion of the aforesaid time orperiod, the period of limitation referred to in sub-sections (1), 65 [(1A), (1B),] 66 [(2),(2A) and (4)] available to the Assessing Officer for making an order of assessment,reassessment or recomputation, as the case may be, is less than sixty days, suchremaining period shall be extended to sixty days and the aforesaid period oflimitation shall be deemed to be extended accordingly:]67[Provided further that where a proceeding before the Settlement Commissionabates under section 245HA, the period of limitation available under this sectionto the Assessing Officer for making an order of assessment, reassessment or recomputation,as the case may be, shall, after the exclusion of the period undersub-section (4) of section 245HA, be not less than one year; and where such periodof limitation is less than one year, it shall be deemed to have been extended to oneyear; and for the purposes of determining the period of limitation under sections149, 153B, 154, 155, 158BE and 231 and for the purposes of payment of interest60. Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.61. Inserted by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-10-1984.62. Substituted for “Income-tax” by the Direct Tax Laws (Amendment) Act, 1987, w.e.f.1-4-1988.63. Inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-10-2004.64. Inserted by the Finance (No. 2) Act, 1991, w.e.f. 27-9-1991.65. Inserted by the Finance Act, 2005, w.e.f. 1-4-2006.66. Substituted for “(2) and (2A)” by the Finance Act, 2008, w.r.e.f. 1-6-2003.67. Inserted, ibid., w.r.e.f. 1-6-2007.