https://www.taxtmi.com/acts?id=41446 Amendments to section 153 shorten the prescribed completion period for certain assessments and substitute the time in subsection (1A) to align with the revised period, add cross-references to the new subsection (1A), and expand authority designations to include Principal Chief Commissioner or Chief Commissioner. A new subsection (3A) provides that where an assessment or reassessment is pending at the time a search under section 132 or requisition under section 132A occurs, and in cases involving seized or requisitioned valuables or books and documents, the period available for completion shall be extended by an additional defined duration. Explanation 1 is amended to include inventory valuation. en-us Thu, 30 Mar 2023 16:05:57 +0530 Tue, 04 Apr 2023 14:48:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41446 Amendments to section 153 shorten the prescribed completion period for certain assessments and substitute the time in subsection (1A) to align with the revised period, add cross-references to the new subsection (1A), and expand authority designations to include Principal Chief Commissioner or Chief Commissioner. A new subsection (3A) provides that where an assessment or reassessment is pending at the time a search under section 132 or requisition under section 132A occurs, and in cases involving seized or requisitioned valuables or books and documents, the period available for completion shall be extended by an additional defined duration. Explanation 1 is amended to include inventory valuation. Act-Rules F. Acts / Amendment Acts Thu, 30 Mar 2023 16:05:57 +0530 https://www.taxtmi.com/acts?id=41446