CA Final · Direct Tax Laws & International Taxation · Dispute Resolution
The Dispute Resolution Panel issued directions to the Assessing Officer in the case of Kestrel Inc., a foreign company, and the Assessing Officer received them on 10 January 2027. Under section 275(14), by what date must the Assessing Officer complete the assessment?
The assessment must be completed by 28 February 2027. Section 275(14) allows one month from the end of the month of receipt of the directions, which was January 2027, and the Assessing Officer need not give the assessee any further hearing.
- A28 February 2027Correct
- B31 January 2027
- C10 February 2027
- D31 March 2027
Explanation
Section 275(14) requires completion within one month from the end of the month in which the direction is received, with no further hearing for the assessee. The direction was received in January 2027, so the month-end is 31 January 2027, and one month more gives 28 February 2027.
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