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Home Bare Acts Phrase: section 153aFinance Act, 2003 Section 65
Title: Insertion of New Sections 153a, 153b and 153c
State: Central
Year: 2003
.....as the case may be, shall abate. Explanation.-For the removal of doubts, it is hereby declared that,- (i) save as otherwise provided in this section, section 153B and section 153C, all other provisions of this Act shall apply to the assessment made under this section; (ii) in an assessment or reassessment made in respect of an assessment year under this section, the tax shall be chargeable at the rate or rates as applicable to such assessment year. 153B. Time-limit for completion of assessment under section 153A.-- (1) Notwithstanding anything contained in section 153, the Assessing Officer shall make an order of assessment or reassessment,-- (a) in respect of each assessment year falling within six assessment years referred to in clause (b) of section 153A, within a period of two years from the end of the financial year in which the last of the authorisations for search under section 132 or for requisition under section 132A was executed; (b) in respect of the assessment year relevant to the previous year in which search is conducted under section 132 or requisition is made under section 132A, within a period of two years from the end of the financial year in.....
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 153B
Title: Time-limit for Completion of Assessment Under Section 153a
State: Central
Year: 1961
.....of assessment or reassessment,- (a) in respect of each assessment year falling within six assessment years referred to in clause (b) of 2[sub-section (1) of section 153A], within a period of two years from the end of the financial year in which the last of the authorisations for search under section 132 or for requisition under section 132A was executed; (b) in respect of the assessment year relevant to the previous year in which search is conducted under section 132 or requisition is made under section 132A, within a period of two years from the end of the financial year in which the last of the authorisations for search under section 132 or for requisition under section 132A was executed : 3[Provided that in case of other person referred to in section 153C, the period of limitation for making the assessment or reassessment shall be the period as referred to in clause (a) or clause (b) of this sub-section or one year from the end of the financial year in which books of account or documents or assets seized or requisitioned are handed over under section 153C to the Assessing Officer having jurisdiction over such other person, whichever is later:] 4[Provided further.....
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Section 64
Title: Amendment of Section 153a
State: Central
Year: 2012
In section 153A of the Income-tax Act, in sub-section (1), after the second proviso, the following proviso shall be inserted with effect from the 1st day of July, 2012, namely:-- 'Provided also that the Central Government may by rules made by it and published in the Official Gazette (except in cases where any assessment or reassessment has abated under the second proviso), specify the class or classes of cases in which the Assessing Officer shall not be required to issue notice for assessing or reassessing the total income for six assessment years immediately preceding the assessment year relevant to the previous year in which search is conducted or requisition is made.".
View Complete Act List Judgments citing this sectionFinance Act 2008 Section 36
Title: Amendment of Section 153a
State: Central
Year: 2008
Section 153A of the Income-tax Act shall be renumbered as sub-section (1) thereof and,-- (a) in sub-section (1) as so renumbered, in the second proviso, for the words referred to in this section, the words referred to in this sub-section shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2003; (b) after sub-section (1) as so renumbered and before the Explanation, the following shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2003, namely:-- (2) If any proceeding initiated or any order of assessment or reassessment made under subsection (1) has been annulled in appeal or any other legal proceeding, then, notwithstanding anything contained in sub-section (1) or section 153, the assessment or reassessment relating to any assessment year which has abated under the second proviso to sub-section (1), shall stand revived with effect from the date of receipt of the order of such annulment by the Commissioner: Provided that such revival shall cease to have effect, if such order of annulment is set aside..
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 153A
Title: Appointment of Public Trustee
State: Central
Year: 1956
1[153A. Appointment of public trustee 2[(1)] The Central Government may, by notification in the Official Gazette, appoint a person as public trustee to discharge the functions and to exercise the rights and powers conferred on him by or under this Act.] 3[(2) The provision of this section shall not apply on and after the commencement of the Companies (Amendment) Act, 2000.] ____________________ 1. Inserted by Act 53 of 1963, Section 7 (w.e.f. 1-1-1964). 2. Section 153A renumbered as sub-section (1) thereof by Act 53 of 2000, Section 63 (w.e.f. 13-12-2000). 3. Inserted by Act 53 of 2000, Section 63 (w.e.f. 13-12-2000).
View Complete Act List Judgments citing this sectionIndian Penal Code (45 of 1860) Section 153A
Title: Promoting Enmity Between Different Groups on Grounds of Religion, Race, Place of Birth, Residence, Language, Etc. and Doing Acts Prejudicial to Maintenance of Harmony
State: Central
Year: 1860
.....members of such religious, racial, language or regional group or caste or community,] shall be punished with imprisonment which may extend to three years, or with fine, or with both. Offence committed in place of worship, etc.--(2) Whoever commits an offence specified in sub-section (1) in any place of worship or in any assembly engaged in the performance of religious worship or religious ceremonies, shall be punished with imprisonment which may extend to five years and shall also be liable to fine.] ______________________ 1. Section 153A Substituted by Act 41 of 1961, section, 2, (w.e.f. 12-9-1961) and again substituted by Act 35 of 1969, section 2, for the former section (w.e.f. 4-9-1969). 2. Inserted by Act 31 of 1972, section 2 (w.e.f. 14-6-1972).
View Complete Act List Judgments citing this sectionFinance Act, 2003 Section 89
Title: Amendment of Section 234a
State: Central
Year: 2003
In section 234A of the Income-tax Act, with effect from the 1st day of June, 2003,-- (a) in sub-section (1), in Explanation 3, for the words and figures ''under section 147", the words, figures and letter "under section 147 or section 153A" shall be substituted; (b) in sub-section (3),-- (i) in the opening portion, for the words and figures "by a notice under section 148", the words, figures and letter "by a notice under section 148 or section 153A" shall be substituted; (ii) in clause (b), after the word and figures "section 147", the words, figures and letter "or reassessment under section 153A" shall be inserted.
View Complete Act List Judgments citing this sectionFinance Act 2008 Section 37
Title: Amendment of Section 153(B)
State: Central
Year: 2008
In section 153B of the Income-tax Act, in sub-section (1), with effect from the 1st day of June, 2003,-- (i) in clause (a), for the word, figures and letter section 153A, the words, brackets, figures and letter sub-section (1) of section 153A shall be substituted and shall be deemed to have been substituted; (ii) in the Explanation,-- (A) after clause (vi) and before the words shall be excluded, the following clause shall be inserted and shall be deemed to have been inserted, namely:-- (vii) the period commencing from the date of annulment of a proceeding or order of assessment or reassessment referred to in sub-section (2) of section 153A till the date of the receipt of the order setting aside the order of such annulment, by the Commissioner,; (B) in the proviso, for the words, brackets and letters clause (a) or clause (b) of this section, the words, brackets and letters clause (a) or clause (b) of this sub-section shall be substituted and shall be deemed to have been substituted.
View Complete Act List Judgments citing this sectionFinance Act 2008 Section 39
Title: Amendment of Section 153d
State: Central
Year: 2008
In section 153D of the Income-tax Act, for the word, figures and letter section 153A, the words, brackets, figures and letter sub-section (1) of section 153A shall be substituted and shall be deemed to have been substituted with effect from the 1st day of June, 2003.
View Complete Act List Judgments citing this sectionFinance Act, 2003 Section 60
Title: Amendment of Section 132b
State: Central
Year: 2003
In section 132B of the Income-tax Act, with effect from the 1st day of June, 2003,-- (a) in sub-section (1), in clause (i),-- (i) for the words, figures and letter "under Chapter XIV-B for the block period", the words, figures and letter "under section 153A and the assessment of the year relevant to the previous year in which search is initiated or requisition is made, or the amount of liability determined on completion of the assessment under Chapter XIV-B for the block period, as the case may be" shall be substituted; (ii) in the first proviso, for the words "Provided that where the nature and source of acquisition of any such asset is explained", the words "Provided that where the person concerned makes an application to the Assessing Officer within thirty days from the end of the month in which the asset was seized, for release of asset and the nature and source of acquisition of any such asset is explained" shall be substituted; (b) in sub-section (4), in clause (b), for the words, figures and letter "under Chapter XIV-B", the words, figures and letters "under section 153A or under Chapter XIV-B" shall be substituted.
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