# The Finance Act, 2007, Section 50: Insertion of new section 153D

- Act: The Finance Act, 2007
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2007/section/50/

## Text

Insertion of new section 153D. 50. In the Income-tax Act, after section 153C, the following section shall be inserted with effect from the 1st day of June, 2007, namely:— ‘153D. Prior approval necessary for assessment in cases of search or requisition.—No order of assessment or reassessment shall be passed by an Assessing Officer below the rank of Joint Commissioner in respect of each assessment year referred to in clause (b)  of section 153A or the assessment year referred to in clause (b)  of sub-section (1) of section 153B, except with the prior approval of the Joint Commissioner.". © Copyright. Taxmann Publications Pvt. Ltd.

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