TMI BlogAssessment in case of search and seizure - Section 153AX X X X Extracts X X X X X X X X Extracts X X X X ..... ssue a notice to such person u/s 153A requiring him to furnish within such period, as may be specified in the notice the return of income in respect of each assessment year falling within 6 assessment years and for the relevant assessment year or years 2. Condition for Assessment - a. the AO has in his possession bo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... beyond six assessment years but not later than ten assessment years from the end of the assessment year relevant to the previous year in which search is conducted or requisition is made. 4. Asset shall include immovable property being land or building or both, shares and securities, loans and advances, deposits in bank account. 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessment proceedings and passed an assessment order, it was held that the entire action of AO to proceed with assessment proceedings was a nullity. [Abhay Kumar Shroff v CIT 2007 (2) TMI 169 - JHARKHAND HIGH COURT] 7. Where pursuant to search proceedings, a survey was also carried out at another premises held by the assessee in capacity of a director, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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