Section 153A Assessment Timeframe Reduced from Two Years to 21 Months for Relevant Assessment Years.

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Full Text of the Document

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....Substitution of new section for section 153B- Time limit for completion of assessment under section 153A. - The limitation for completion of assessment under section 153A, in respect of each assessment year falling within six assessment years referred to in clause (b) of sub-section (1) of section 153A and in respect of the assessment year relevant to the previous year in which search is conducted under section 132 or requisition is made under section 132A be changed from existing two years to twenty-one months....