https://www.taxtmi.com/acts?id=40671 The Finance Act 2022 amends section 153B to prescribe a special deadline for assessments where the last search authorisation or requisition executed in the financial year beginning 1 April 2020, or where seized or requisitioned materials were handed over under section 153C during that year; such assessments must be completed by the specified date. It also inserts a non application provision excluding searches or requisitions initiated on or after 1 April 2021, and adds an Explanation clause defining a period (not exceeding 180 days) from initiation of search/requisition to handing over to the Assessing Officer. en-us Mon, 28 Mar 2022 14:15:09 +0530 Mon, 28 Mar 2022 14:15:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40671 The Finance Act 2022 amends section 153B to prescribe a special deadline for assessments where the last search authorisation or requisition executed in the financial year beginning 1 April 2020, or where seized or requisitioned materials were handed over under section 153C during that year; such assessments must be completed by the specified date. It also inserts a non application provision excluding searches or requisitions initiated on or after 1 April 2021, and adds an Explanation clause defining a period (not exceeding 180 days) from initiation of search/requisition to handing over to the Assessing Officer. Act-Rules F. Acts / Amendment Acts Mon, 28 Mar 2022 14:15:09 +0530 https://www.taxtmi.com/acts?id=40671