2018 (10) TMI 608 - HC - Income Tax

Whether on facts and circumstances of the case Appellate tribunal is justified in law on facts in holding that such assessment or reassessment u/s. 153A is to be restricted only to the incriminating materials found during the search and no cognizance can be given to subsequent inquiries u/s 131(1A)? Appeal admitted.

Summary

The Gujarat High Court allowed the draft amendment and admitted the Tax Appeal for consideration of the substantial question of law regarding the scope of assessment or reassessment under section 153A in relation to incriminating materials found during a search.