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Latest revision as of 00:24, 14 September 2026
Ask ten people a person's can discharge tax debts in bankruptcy and shortly get ten different answers. The correct answer is always you can, but in the event that certain tests are seen. If any books of accounts, documents, assets found or xnxx 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 originating from a end of the financial year when the search was conducted like assessment u/s 153A.
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