Section 153A limits tax assessments if no proceedings follow a Section 132 requisition, overriding Sections 147 and 148.

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....Assessment u/s 153A - period of limitation - Section 153A was introduced in the Act notwithstanding the provisions, inter alia, of Sections 147 and Section 148. Hence, when no proceedings were taken under Section 153A, after the requisition made u/s 132, the Assessing Authority is disabled from proceeding for any assessment. - HC....