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If any books of accounts, documents, assets found or seized belong to your other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should be also completed with twenty one months from your end for the financial year when the search was conducted like assessment u/s 153A.

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The Tax Reform Act of 1986 reduced suggestions rate to 28%, at the same time raising backside transfer pricing rate from 11% to 15% (in fact 15% and 28% became quick cash two tax brackets).

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