30 May 2013
my query is that the income tax case of my company has been already done in regular assessment after that the search proceedings has been done at my office what will the status of my old cases.
30 May 2013
under section 153A, the AO can make assessment or reassessment of six assessment years immediately preceding the assessment years relevant to the previous year in which search is conducted. if out of these 6 years , any assessment is pending at the time of search then such year's assessment will be done under this section only. Under this section AO can also make reassessment of any of the years out of these 6 years.
CAclubindia
