Assessment in case of search and seizure - Section 153A

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ction 132A after the 31st day of May, 2003 but on or before the 31st day of March, 2021, then the Assessing Officer shall issue a notice to such person u/s 153A requiring him to furnish within such period, as may be specified in the notice the return of income in respect of each assessment year falling within 6 assessment years and for the relevant assessment year or years 2. Condition for Asses....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... from the end of the assessment year relevant to the previous year in which search is conducted or requisition is made. 4. "Asset" shall include immovable property being land or building or both, shares and securities, loans and advances, deposits in bank account.' 5. Revival of Annulled Order - If any proceeding initiated or any order of assessment or reassessment made under section 153(1) ha....