As per section 153(1)(b), time limit of completion of assessment 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 wi

CS Executive · Tax Laws · PYQS · December 2021
As per section 153(1)(b), time limit of completion of assessment 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 __________ from the end of the financial year in which the last authorizations for search under section 132 or for requisition under section 132A was executed.
(A) 12 months
(B) 21 months
(C) 24 months
(D) 36 months

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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