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February 2013

Assessment of preceding years in search cases during election period – Circular No. 10/2012 dated 31-12-2012

By Pinky Shah, Sonalee Godbole, Chartered Accountants
Reading Time 1 mins
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Pursuant to introduction of Rule 112F, for cases of search u/s. 132 and requisition made u/s. 132A and cash or other assets seized during the election period, no further investigations would be carried out for any preceding assessment years subject to certain certification to be obtained from investigating officer with the approval of the DGIT.

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