Offshore Business - Pay Low Tax
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. If any books of accounts, documents, assets found or seized belong for any other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should even be completed with twenty one months from the end from the financial year when the search was conducted like assessment u/s 153A. The cause for IRS to charge particular with felony is when the person they resort to tax evasion.
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