Section 153 → Section 172
Time limit for completion of assessments and reassessments
Quick Answer
Section 153 of the Income Tax Act, 1961 (Time limit for completion of assessments and reassessments) corresponds to Section 172 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 153
Provision Summary
Deadline by which the AO must finish the assessment (usually 9-12 months from end of AY).
Sec 172
Provision Summary
Retained. Tightened timelines to ensure taxpayers aren't kept in limbo for years.
Key Changes & Highlights
- Exclusion of time spent in DRP or stay orders from courts clearly defined.
Frequently Asked Questions
What does Section 153 of the Income Tax Act 1961 deal with?
Section 153 (Time limit for completion of assessments and reassessments) Deadline by which the AO must finish the assessment (usually 9-12 months from end of AY).
What is the new section number for Section 153 under the Direct Tax Code 2025?
Section 153 of the ITA 1961 maps to Section 172 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 153 under the new tax code?
Section 153 is marked as "Retained" with status "Modified". Impact: High - Administrative deadline for the department.
What are the key changes to Section 153 under DTC 2025?
Exclusion of time spent in DRP or stay orders from courts clearly defined.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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