Meaning of “Completed”

Case Name : Cit v. Smt. Santosh mahey 

Citation : [2007] 293 ITR 573 (punj. & Har.)

Court : Punjab & Hariyana High Court

Section : 275

Meaning : Sub-section (1) of section 275(a) clearly provides the period of limitation to be two years from the end of the financial year in which the proceedings, in the course of which action for imposition of penalty has been initiated, are completed. The word ‘completed’ has to be given its full meaning in a case where in appeal, the assessment order, during the course of which the penalty proceedings are initiated, is set aside and the case is remanded back for the fresh assessment. The assessment proceedings cannot be held to be completed till such time as the order is passed in the remand proceedings.

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