Assessment u/s 153A - Obviously an assessment has to be made ...

Section 153A: Can Seized Material Infer Similar Transactions Over Six Years? Revisiting Pre-Chapter XIV-B Practices.

April 18, 2022

Case Laws Income Tax HC

Assessment u/s 153A - Obviously an assessment has to be made under this Section only on the basis of seized material. The question, however, is whether the seized material can be relied upon to also draw the inference that there can be similar transactions throughout the period of six years covered by Section 153A. We have to remember that with the advent of Section 153A we are taken back to the pre-chapter XIV-B situation, where assessments were made on the basis of material and evidence collected during search. - HC

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Assessment u/s 153A - Obviously an assessment has to be made ...

Section 153A: Can Seized Material Infer Similar Transactions Over Six Years? Revisiting Pre-Chapter XIV-B Practices.

April 18, 2022

Case Laws Income Tax HC

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