CAF-2 · Chapter 15 · Question 7 of 15
What is the maximum time limit for the Commissioner to amend an assessment order under Section 122?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) 5 years from the end of the financial year in which the original assessment order is issued or treated as issued.
Explanation
Amendment of assessment shall not be made after the expiry of 5 years from the end of the financial year in which the order is issued or treated as issued.
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