TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 153B of Income-tax Act: New Limitation Period for Assessment/Reassessment from June 1, 2003.</h1> In the Finance Act, 2005, section 153B of the Income-tax Act is amended to include a proviso regarding the period of limitation for assessment or reassessment. For individuals referred to in section 153C, the limitation period is defined as the later of either the period mentioned in clause (a) or (b) of subsection (1) or one year from the end of the financial year in which seized or requisitioned books, documents, or assets are handed over to the Assessing Officer with jurisdiction over the individual. This amendment is effective from June 1, 2003.
TaxTMI 
TaxTMI 
