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of <h1>Income Tax Act Sections 153A-C: Streamlined Rules for Assessments Post-Search with Specific Time Limits and Conditions</h1> Sections 153A, 153B, and 153C of the Income-tax Act were introduced by the Finance Act, 2003, effective June 1, 2003. Section 153A mandates an assessment or reassessment for six assessment years prior to a search or requisition under sections 132 or 132A. Section 153B sets a two-year time limit for completing assessments under section 153A, with specific exclusions for delays. Section 153C allows the assessment of income for persons other than those directly searched if seized items belong to them. These provisions override certain other sections of the Income-tax Act, ensuring comprehensive assessments following searches or requisitions.
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