7 results for “reassessment u/s 147”+ Block Assessmentclear
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block assessment was independent of the regular assessment, resulting in parallel proceeding for assessment of regular income and the undisclosed income. 10. Finance Act, 2003 introduced Section 153A to 153D, laying down the special procedure for assessment in cases of search or requisition made on or after 1st June, 2003. Under the new provisions following deviations were made from