Scope of Assessment u/s 153A - competency of AO to consider all ...

Supreme Court Confirms Assessing Officer's Broad Reassessment Powers u/s 153A of Income Tax Act.

April 26, 2023

Case Laws Income Tax SC

Scope of Assessment u/s 153A - competency of AO to consider all the material that is available on record - the impugned judgment(s) and order(s) passed by the High Court taking the view that the AO has the power to reassess the return of the assessee not only for the undisclosed income, which was found during the search operation but also with regard to material that was available at the time of original assessment does not require any interference. - SC

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Scope of Assessment u/s 153A - competency of AO to consider all ...

Supreme Court Confirms Assessing Officer's Broad Reassessment Powers u/s 153A of Income Tax Act.

April 26, 2023

Case Laws Income Tax SC

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