SECTION 132, READ WITH SECTION 132A OF THE INCOME-TAX ACT, 1961 – SEARCH & SEIZURE – ASSESSMENT OF PRECEDING YEARS IN SEARCH CASES DURING ELECTION PERIOD
CIRCULAR NO. 10/2012 [F. NO. 282/22/2012-IT (INV. V)], DATED 31-12-2012
As per provisions contained in section 153A and 153C of the Income Tax Act, 1961, the Assessing Officer is required to issue notice for assessing or reassessing the total income for six assessment years immediately preceding the assessment year relevant to the previous year in which search is conducted or requisition is made.