Answer

1. F

   Facts

   The law sets a time limit for completing reassessment, after which the order is time barred. For notices issued under the current scheme, it is generally 12 months from the end of the financial year in which the Sec 148 notice was served. Some periods, like stays, are excluded.

2. P

   Provisions and law

   • Sec 153 (now Sec 286)Time limits for completing assessments and reassessments
   • Sec 148 (now Sec 280)Before reassessing, the officer issues a notice asking for a return for that year, with the Sec 148A order and approval
3. A

   Analysis

   If the Sec 148 notice was served in October 2026, the financial year ends on 31 March 2027, so the order would generally be due by 31 March 2028 under Sec 153 (now Sec 286). Exclusions such as court stays or references can extend it. An order passed after the limit can be challenged. Keep a note of the service date of the Sec 148 notice.

4. C

   Conclusion

   1. 1Note the date the Sec 148 notice was served.
   2. 2Work out the end of that financial year plus 12 months.
   3. 3Check for any excluded periods.
   4. 4Raise time bar in appeal if the order is late.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.