9911796707
TMI BlogAmendment of section 153B.X X X X Extracts X X X X X X X X Extracts X X X X ..... ters on or after the 1st day of April, 2004 but before the 1st day of April, 2010 shall be substituted; (ii) in the third proviso for the words, figures and letters on the 1st day of April, 2005 or any subsequent financial year , the words, figures and letters on or after the 1st day of April, 2005 but before the 1st day of April, 2009 shall be substituted; (iii) after the third proviso, the follo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s , the words three years had been substituted. . (iv) in the fourth proviso for the words, figures and letters on the 1st day of April, 2005 or any subsequent financial year , the words, figures and letters on or after the 1st day of April, 2005 but before the 1st day of April, 2009 shall be substituted; (v) after the fourth proviso, the following proviso shall be inserted, namely: Provided also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of thirty-six months from the end of the financial year in which the last of the authorisations for search under section 132 or for requisition under section 132A was executed or twenty-four months from the end of the financial year in which books of account or documents or assets seized or requisitioned are handed over under section 153C to the Assessing Officer having jurisdiction over such othe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -tax Act relating to time limit for completion of assessment under section 153A. The existing provisions of sub-section (1) of section 153B provide for time limit for completion of assessment and reassessment by the Assessing Officer. It is proposed to amend the aforesaid sub-section so as to revise the time limits specified in the aforesaid section for completion of assessments or reassessment in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rom receipt of reference by the Commissioner under sub-section (1) of newly inserted section 144BA and ending on date on which a direction under sub-section (3) or sub-section (6) or an order under sub-section (5) of newly inserted section 144BA is received by the Assessing Officer. This amendment will take effect from 1st April, 2013 and will, accordingly, apply in relation to the assessment year ..... X X X X Extracts X X X X X X X X Extracts X X X X
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