Amendment of section 153B

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..... r the 1st day of April, 2021. ; (b) in the Explanation, (i) in clause (x), for the words Assessing Officer, , the words Assessing Officer; or shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2021; (ii) after clause (x), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2021 .....

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..... pletion of assessment or reassessment under section 153A in the case of an assessee in whose case a search has been conducted under section 132 or books of account, other documents or any assets are requisitioned under section 132A. It further provides the period of limitation for completion of assessment or reassessment under section 153C. It is proposed to insert a new sub-section (4) in the sai .....

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..... sitioned under section 132A, as the case may be, are handed over to the Assessing Officer having jurisdiction over the assessee, in whose case such search is initiated under section 132 or such requisition is made under section 132A, as the case may be or one hundred and eighty days, whichever is less. These amendments will take effect retrospectively from lst April, 2021. - statute, statutory p .....

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