Finance Act, 1936
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Extension of certain time limits for making assessments. |
3.—(1) Section 8 (which relates to time limits for making assessments) of the Finance Act, 1925 (No. 28 of 1925), shall be and is hereby amended by— | |
(a) deleting in sub-section (1) the words “not later than six years after the expiration of the year of assessment”, and | ||
(b) deleting in sub-section (2) the words “not later than six years after the end of the year for which the person surcharged ought to have been charged”, and | ||
(c) deleting in sub-section (3) the words “not later than six years after the end of the year of assessment”. | ||
(2) Rule 18 (as amended by section 5 of the Finance Act, 1932 (No. 20 of 1932)) of the General Rules applicable to Schedules A, B, C, D, and E, of the Income Tax Act, 1918, shall be and is hereby amended by— | ||
(a) deleting in paragraph (1) the words “one or more of the six years next preceding that year” and inserting in the said paragraph, in lieu of the said words so deleted, the words “previous year not earlier than the year beginning on the 6th day of April, 1922”, and | ||
(b) deleting in paragraph (2) the words “later than six years after the expiration of the year of assessment, nor in any case”. | ||
(3) Sub-section (3) of section 8 of the Finance Act, 1925 (No. 28 of 1925), shall, in its application to sur-tax by virtue of sub-section (3) of section 3 of the Finance Act, 1928 (No. 11 of 1928), have effect with and subject to the amendment thereof made by sub-section (1) of this section. |