As per existing provisions of Section 124 (3), person shall be entitled to call in question the jurisdiction of an Assessing Officer in a case where notices are issued under Section 153A or Section 153C which relate to assessment in cases where a search and seizure action has been taken or cases connected to such cases. Further, there have been instances wherein the jurisdiction of an Assessing Officer in such cases has been called into question at the appellate stages.
Thus, it is proposed to provide that cases where search is initiated under Section 132 or books of accounts, other documents or any assets are requisitioned under Section 132A, no person shall be entitled to call into question the jurisdiction of an Assessing Officer after the expiry of one month from the date on which he was served with a notice under sub-section (1) of Section 153A or sub-section (2) of Section 153C or after the completion of the assessment, whichever is earlier.
This amendment will take effect from the 1st day of June, 2016.
