https://www.taxtmi.com/highlights?id=72117 Assessment u/s 153C - Assessment based on search on third party - The construction of Section 153 A and 153 C is consciously different and is seen to apply different yardsticks to an entity searched and a third party, such yardstick being more exacting in the case of the former. The process of assessment is demanding and an assessee, once in receipt of a notice, is bound by the stringent procedure under the Act, till finalisation of the process. - HC en-us Wed, 20 Sep 2023 13:38:24 +0530 Wed, 20 Sep 2023 13:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72117 Assessment u/s 153C - Assessment based on search on third party - The construction of Section 153 A and 153 C is consciously different and is seen to apply different yardsticks to an entity searched and a third party, such yardstick being more exacting in the case of the former. The process of assessment is demanding and an assessee, once in receipt of a notice, is bound by the stringent procedure under the Act, till finalisation of the process. - HC Highlights Income Tax Wed, 20 Sep 2023 13:38:24 +0530 https://www.taxtmi.com/highlights?id=72117