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To give an opportunity to the Assessing Officer to ascertain whether the Assessee has rightfully declare the income or loss and has neither hide any material transaction or conduct any illegal transaction
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To give an opportunity to the Assessing Officer to assess or reassess the income or loss of the Assessee if he has reason to believe that income chargeable to tax has escaped assessment for any assessment year
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To give an opportunity to the Assessing Officer to assess or reassess the income or loss of the Assessee of six assessment years immediately preceding the assessment year relevant to the previous year in which such search is conducted or requisition is made.
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