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Revision as of 20:51, 6 August 2026


Note: This writer is not really CPA or tax quality. This article is for general information purposes, and should not be construed as tax advice. Readers are strongly asked to consult their tax professional regarding their personal tax situation.

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

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Copyright 2010 by RioneX IP Group LLC. All rights set-aside. This material may be freely copied and distributed subject to inclusion within this copyright notice, author information and all of the hyperlinks are kept complete.

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