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Revision as of 11:51, 12 May 2026
Through the proposed DTC / GST legislations, federal government has acknowledged the need of new revenue system nevertheless the proposed new laws apparently appear staying even more complicated then the prevailing one.
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If any books of accounts, documents, assets found or seized belong to any 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 of the end on the financial year when the search was conducted like assessment u/s 153A.
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