India - Income Tax Act 2010 - Saarc

S. 153C I.T. ACT, 1961 1.686(iii) the time taken in reopening the whole or any part of the proceedingor in giving an opportunity to the assessee of being re-heard under theproviso to section 129; or(iv) in a case where an application made before the Settlement Commissionunder section 245C is rejected by it or is not allowed to beproceeded with by it, the period commencing from the date on whichsuch application is made and ending with the date on which the orderunder sub-section (1) of section 245D is received by the Commissionerunder sub-section (2) of that section; 77 [or]77[(v) the period commencing from the date on which an application ismade before the Authority for Advance Rulings under sub-section (1)of section 245Q and ending with the date on which the order rejectingthe application is received by the Commissioner under sub-section (3)of section 245R; or(vi) the period commencing from the date on which an application ismade before the Authority for Advance Rulings under sub-section (1)of section 245Q and ending with the date on which the advance rulingpronounced by it is received by the Commissioner under sub-section(7) of section 245R; or]78[(vii) the period commencing from the date of annulment of a proceedingor 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 theorder of such annulment, by the Commissioner,]shall be excluded :Provided that where immediately after the exclusion of the aforesaid period, theperiod of limitation referred to in clause (a) or clause (b) of this 79 [sub-section]available to the Assessing Officer for making an order of assessment or reassessment,as the case may be, is less than sixty days, such remaining period shall beextended to sixty days and the aforesaid period of limitation shall be deemed tobe extended accordingly.(2) The authorisation referred to in clause (a) and clause (b) of sub-section (1)shall be deemed to have been executed,—(a) in the case of search, on the conclusion of search as recorded in thelast panchnama drawn in relation to any person in whose case thewarrant of authorisation has been issued;(b) in the case of requisition under section 132A, on the actual receipt ofthe books of account or other documents or assets by the AuthorisedOfficer.Assessment of income of any other person.153C. 80 [(1)] Notwithstanding anything contained in section 139, section 147,section 148, section 149, section 151 and section 153, where the Assessing77. Inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-10-2004.78. Inserted by the Finance Act, 2008, w.r.e.f. 1-6-2003.79. Substituted for “section”, ibid.80. Inserted by the Finance Act, 2005, w.r.e.f. 1-6-2003.