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of <h1>Amendment to Section 153C of Income-tax Act: Central Government Can Exempt Certain Cases from Notice Requirement for Assessments.</h1> Clause 66 of the Finance Bill, 2012, amends section 153C of the Income-tax Act. It introduces a second proviso allowing the Central Government to specify certain cases where the Assessing Officer is not required to issue notice for assessing or reassessing the total income for six assessment years preceding the year of a search or requisition. This exception applies unless an assessment or reassessment has abated. The amendment is effective from July 1, 2012, and aims to streamline the assessment process for specific cases as determined by the government.
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