Answer ( 1 )

  1. ​​​As per section 153, the time limit for making assessment under section 143(3) is:-

    Within 21 months from the end of the assessment year in which the income was first assessable. [For assessment year 2017-18 or before]
    18 months from the end of the assessment year in which the income was first assessable. [for assessment year 2018-19]
    12 months from the end of the assessment year in which the income was first assessable [Assessment year 2019-20 and onwards]
    Note: If reference is made to TPO, the period available for assessment shall be extended by 12 months

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