Rule 130 — Time limits (GAAR Approving Panel)

Rule 130 sets the time limits for the Commissioner under section 274: directions within one month of the compliance date of the section 274(2) notice, a reference to the Approving Panel within two months of the assessee's final submission, and Form No. 63 directions within one or two months depending on the case.

The limits (sub-rule 1). The Commissioner shall:

(a) not issue directions under section 274(3) after one month from the end of the month in which the compliance date of the section 274(2) notice falls;
(b) not make a reference to the Approving Panel under section 274(4) after two months from the end of the month in which the assessee's final submission in response to the section 274(2) notice is received; and
(c) issue directions to the Assessing Officer in Form No. 63 within one month from the end of the month in which the reference is received (where rule 129(4)(a) applies), or within two months from the end of the month in which the assessee's final submission is received (where rule 129(4)(b) applies).

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