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of <h1>Finance Bill 2017 amends Section 153C of Income-tax Act for assessments of past six years from search date.</h1> Clause 61 of the Finance Bill, 2017 amends section 153C of the Income-tax Act, 1961, which concerns the assessment of income for individuals other than the one being searched. The amendment specifies that assessments cover six years preceding the year of the search or requisition. It also modifies the second proviso to include references to relevant assessment years as per section 153A. This change aligns with amendments to section 153A and is applicable to searches or requisitions conducted from April 1, 2017, onwards. The amendment is effective from April 1, 2017.
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