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ASSESSMENT OF INCOME OF ANY OTHER PERSON Section -153C

Income Tax - Search and Seizure - Procedure, Consequences and Impact - 10 - Where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing or books of account or documents seized belongs to a person other than the person referred to in section 153A, then the books of account or documents or assets seized shall be handed over to the Assessing Officer having jurisdiction over such other person and that Assessing Officer shall proceed against such oth .....

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ill issue notice under section 153A and make assessment/ reassessment of such other person under section 153A only if he is satisfied that books of account/ documents/ assets seized have a bearing on the total income of such other person for the relevant assessment year/ years referred to in section 153A(1). It means that if on the basis of suck books/ documents/ assets seized, it is found that such other person has concealed income of any one or more Assessment Years referred to in section 153A .....

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