First assessment year for a beginning teacher means the first full year of service.
First assessment year means either:
First assessment year means the period beginning with the First Assessment Date and ending on December 31st of the same calendar year.) Provided further, however, if for any reason separate portions of the Facility are completed in different calendar years, then, to the extent permitted by law, each such separate portion shall have its own Substantial Completion Date, First Assessment Date, First Assessment Year, and Term, with the Minimum Capital Investment requirement being applied to the aggregate cost of the Facility incurred to date instead of to each separate portion as each separate portion is completed.
Examples of First assessment year in a sentence
First assessment year of claim of deduction under sub-section(1) or sub-section (1A) of section 80LA by the assessee 6.