CAF-2 · Chapter 15 · Question 3 of 15
What is the standard statutory time limit within which a Best Judgment Assessment order under Section 121 must be issued?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) Within 6 years from the end of the tax year to which it relates.
Explanation
An assessment order under section 121 (Best Judgment Assessment) shall only be issued within six years from the end of the tax year to which it relates.
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