When may the Authority carry out a Tax Audit or issue a Tax Assessment for the Taxable Person?
The Authority may carry out a Tax Audit or issue a Tax Assessment for the Taxable Person following the lapse of (5) five years from the end date of the relevant Tax Period, if the same is notified that the procedures of such Tax Audit have been commenced before the lapse of the (5) five years; provided that the Tax Audit shall be carried out or the Tax Assessment shall be issued, as the case may be, within (4) four years from the date of notification of the Tax Audit.