Assessment of Income of any other person - Section 153C

Assessment of income of other person transfers seized material to the relevant Assessing Officer for assessment under section 153A procedures.

Where seized money, valuables or books found in a search belong to a person other than the one searched, those items must be handed to the Assessing Officer for that other person, who shall assess or reassess that person's income under section 153A if satisfied the materials affect determination of total income for the six assessment years immediately preceding the relevant assessment year and for the relevant assessment year(s); the receiving Assessing Officer's date of receipt is treated as the reference date for initiation under the proviso to section 153A(1).