109 results for “reassessment”+ Section 48(2)clear
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Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
48. The provision under section 153A is applicable where a search or requisition is initiated after 31.5.2003. In such a case the AO is obliged to issue notice u/s 153A in respect of 6 preceding years, preceding the year in which search etc. has been initiated. Thereafter he has to assess or reassess the total income of these six years