[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.6231(c)-3]

[Page 196]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                               Assessment
 
Sec. 301.6231(c)-3  Limitation on applicability of Sec. Sec. 301.6231(c)-4 
through 301.6231(c)-8.

    (a) In general. A provision of Sec. Sec. 301.6231(c)-4 through 
301.6231(c)-8 shall not apply with respect to partnership items arising 
in a partnership taxable year if, as of the date on which those items 
would otherwise begin to be treated as nonpartnership items under that 
provision--
    (1) A notice of final partnership administrative adjustment with 
respect to those items has been mailed to the tax matters partner; and
    (2) Either--
    (i) The period during which an action with respect to that final 
partnership administrative adjustment may be brought under section 6226 
has expired and no such action has been brought; or
    (ii) The decision of the court in an action brought under section 
6226 with respect to that final partnership administrative adjustment 
has become final.
    (b) Effective date. This section is applicable to partnership 
taxable years beginning on or after October 4, 2001. For years beginning 
prior to October 4, 2001, see Sec. 301.6231(c)-3T contained in 26 CFR 
part 1, revised April 1, 2001.

[T.D. 8965, 66 FR 50560, Oct. 4, 2001]