Chapter XVII, Chapter XVIII of the Inland Revenue Act, No.24
of 2017 shall, mutatis mutandis, be applicable to the administration, record keeping and information collection, tax returns, assessments, objections and appeals, liability for and payment of tax, interest, recovery of tax, penalties and criminal proceedings under this Act.
(2)
Every reference to income tax in any such provisions of the Inland Revenue Act, No.24 of 2017, shall be deemed to be a reference to the tax charged and levied in terms of the provisions of this Act.
(3)
Any default assessment, amended assessment or additional assessment shall not be made in respect of an individual, a partnership, a company or the subsidiaries and the holding company of a group of companies after the thirty first day of December, 2024:
Provided however, above time limit shall not apply for making any amended assessment based on a decision of objection or appeal.