Section 55 - Amendment of section 153C - Finance (No. 2) Act, 2014

Amendment of section 153C 55. In section 153C of the Income-tax Act, in sub-section (1), for the words, figures and letter and that Assessing Officer shall proceed against each such other person and issue such other person notice and assess or reassess income of such other person in accordance with the provisions of section 153A , occurring at the end but before the first proviso, the words, figures, letters and brackets and that Assessing Officer shall proceed against each such other person and issue notice and assess or reassess the income of the other person in accordance with the provisions of section 153A, if, that Assessing Officer is satisfied that the books of account or documents or assets seized or requisitioned have a bearing on the determination of the total income of such other person for the relevant assessment year or years referred to in sub-section (1) of section 153A shall be substituted with effect from the 1st day of October, 2014.