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of <h1>Income Tax Circular Streamlines Assessment Process for Search Cases by Eliminating 90-Day Action Note Requirement Under Section 153A</h1> The circular revises guidelines for assessments in search and seizure income tax cases. Previously, Assessing Officers had to prepare action notes within 90 days of receiving seized materials before issuing notices, causing delays. The revised guidelines allow officers to issue Section 153A notices immediately after receiving appraisal reports and seized materials. Officers can also conduct inquiries for prior periods without waiting for tax returns related to the search year. Additionally, Search Registers will now be maintained by Assessing Officers of Central Charges instead of Range heads. These changes aim to expedite assessment proceedings.
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