2023 (8) TMI 686 - SCH - Income Tax

Assessment u/s 153A - addition based on seized material or not? - competency of AO to consider all the material that is available on record - HELD THAT - The issue involved in the present petitions is squarely covered against the Revenue in view of the decision of this Court in the case of Principal Commissioner of Income Tax, Central -3 Vs. Abhisar Buildwell P. Ltd. 2023 (4) TMI 1056 - SUPREME COURT The present Special Leave Petitions stand dismissed. Pending applications shall stand disposed of.

Summary

The Supreme Court of India dismissed the Special Leave Petition as the issue was already decided against the Revenue in a previous case. The decision was based on the case of Principal Commissioner of Income Tax, Central -3 Vs. Abhisar Buildwell P. Ltd. (Civil Appeal No. 6580/2021, 24.04.2023).