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Ask ten people a person can discharge tax debts in bankruptcy and you get ten different replies to. The correct answer will be the fact you can, but only if certain tests are met up.

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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 completed with twenty one months from your end from the financial year when the search was conducted like assessment u/s 153A.

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