The time limit prescribed u/s 153 for completion of the regular assessment u/s 143(3) and a best judgment assessment u/s 144 is of ............ months from the end of the assessment year in which the income was first ass

CS Executive · Tax Laws and Practice · PYQS · June 2018
The time limit prescribed u/s 153 for completion of the regular assessment u/s 143(3) and a best judgment assessment u/s 144 is of ............ months from the end of the assessment year in which the income was first assessable.
(A) 24
(B) 9
(C) 18
(D) 3

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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