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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Scope of amendment brought to Section 153C introduced vide ...

Case Laws     Income Tax

April 8, 2023

Scope of amendment brought to Section 153C introduced vide Finance Act, 2015 w.e.f. 01.06.2015 - any interpretation, which may frustrate the very object and purpose of the Act / Statute shall be avoided by the Court. If the interpretation as canvassed on behalf of the respective respondents is accepted, in that case, even the object and purpose of Section 153C namely, for assessment of income of any other person (other than the searched person) shall be frustrated. - SC

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