Amendment of section 22A

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..... he following clause shall be substituted, namely:— "(iii) a proceeding for assessment or reassessment for any of the assessment years, in consequence of a search initiated under section 37A or requisition made under section 37B, shall be deemed to have commenced on the date of issue of notice initiating such proceedings and concluded on the date on which the assessment is made;". (b) in clause (iv .....

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..... ction 37B shall not be a proceeding for assessment for the purpose of this clause. It is proposed to omit clause (iii) of the proviso to clause (b) of the aforesaid section so as to include within the definition of case , the proceedings of assessment or reassessment which may be initiated on the basis of a search under section 37A or requisition under section 37B. The existing provisions of the E .....

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