Re: Notice u/s 153C

An assessee received notice u/s 153C dated 10.07.2021 for seven assessment years i.e. 2013-14 to 2019-20. Whether the notice is valid keeping in view the finance act 2021. please guide what to do. Whether the assessee should file return of income or not.

We presume that the notice is issued in respect of search initiated  u/s 132 or books of account  , other documents or any assets requisitioned  under section  132A on or before Ist April n, 2021 . The notice can be issued for six assessment years immediately preceding the assessment year relevant to the previous year in which search is concluded or requisition is made and for the relevant assessment year or years referred in section  153A (1) of the Act . The assessee should file the returns under  protest . After the returns are filed , the assessee should make an application for  furnishing the  copy of prior approval  , satisfaction recorded etc.        

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