Validity of Assessment u/s 153A - The information obtained from ...

Section 153A: Only Search-Discovered Material Valid for Tax Assessment Additions, External Info Considered Supplementary.

January 3, 2022

Case Laws Income Tax AT

Validity of Assessment u/s 153A - The information obtained from outside agencies which was confronted with the assessee during the search cannot be considered as incriminating material found during search proceedings. It can only be considered as additional information in case it is found proper, can be used to make addition during assessment proceedings and cannot be used as the information found during search. There two aspects are completely different and gives different connotation. The information found during search alone can be considered for making addition u/s 153A of the Act. - AT

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Validity of Assessment u/s 153A - The information obtained from ...

Section 153A: Only Search-Discovered Material Valid for Tax Assessment Additions, External Info Considered Supplementary.

January 3, 2022

Case Laws Income Tax AT

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