An assessment limitation period covered by section 166(7) of the Income-tax Act, 2025 expires on 31 March 2028. With no statutory extension, by what date must the Transfer Pricing Officer make the…

Section 166(7) of the Income-tax Act, 2025, as substituted by the Finance Act, 2026, requires the Transfer Pricing Officer's order to be made before the month preceding the month in which the assessment limitation expires; where limitation expires on 31 March, the order is due by 31 January. 31 March 2028 is the Assessing Officer's own limitation date, and 29 February 2028 falls in the excluded month.