08 June 2011
What is the time limit for issue of notice u/s 153A after conducting search and what is the maximum permissible time for filing of retrun for six assessment years mentioned in the notice?
08 June 2011
this is with reference to assessment of search cases under section 153A. Notice is issued to furnish return of income in respect of six assessment years preeceding the year in which the search was conducted under section 132/132A.There is no time limit specified in the section with in which the notice should be issued.