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Revision as of 06:07, 16 May 2026

Ask ten people if you can discharge tax debts in bankruptcy and search for get ten different answers. The correct answer is always you can, but in the event that certain tests are adjoined.

If any books of accounts, documents, assets found or seized belong to your other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should even be completed with twenty one months from end within the financial year when the search was conducted like assessment u/s 153A.

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