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If any books of accounts, documents, assets found or seized belong to your other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should be also completed with twenty one months around the end from the financial year when the search was conducted like assessment u/s 153A.

Copyright 2010 by RioneX IP Group LLC. All rights scheduled. This material may be freely copied and distributed subject to inclusion of this copyright notice, author information and all of the hyperlinks are kept intact.