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 Assessing Officer is
satisfied that any money, bullion, jewellery or other valuable article or thing
or books of account or documents seized or requisitioned belongs or belong to a
person other than the person referred to in section 153A,
then the books of account or documents or assets seized or requisitioned shall
be handed over to the Assessing Officer having jurisdiction over such other
person and that Assessing Officer shall proceed against each such other person
and issue such other person notice and assess or reassess income of such other
person in accordance with the provisions of section
153A :]
81[Provided
that in case of such other person, the reference to the date of initiation of
the search under section 132 or making of
requisition under section 132A in the second
proviso to 82[sub-section (1) of] section 153A shall be construed as reference to the
date of receiving the books of account or documents or assets seized or
requisitioned by the Assessing Officer having jurisdiction over such other
person.]
83[(2)
Where books of account or documents or assets seized or requisitioned as
referred to in sub-section (1) has or have been received by the Assessing
Officer having jurisdiction over such other person after the due date for
furnishing the return of income for the assessment year relevant to the
previous year in which search is conducted under section
132 or requisition is made under section 132A
and in respect of such assessment year—
(a) no return of income has been furnished by
such other person and no notice under sub-section (1) of section 142 has been issued to him, or
(b) a return of income has been furnished by such
other person but no notice under sub-section (2) of section
143 has been served and limitation of serving the notice under sub-section
(2) of section 143 has expired, or
(c) assessment or reassessment, if any, has been
made,
before the date of receiving the books of account or
documents or assets seized or requisitioned by the Assessing Officer having
jurisdiction over such other person, such Assessing Officer shall issue the
notice and assess or reassess total income of such other person of such assessment
year in the manner provided in section 153A.]