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2020 (1) TMI 1362 - BOMBAY HIGH COURTAssessment u/s 153A - Whether Tribunal was justified upholding that the additions made in the assessment under Section 153A r/w Section 143(3) for A.Y. 2004-05 being not based on any incriminating material found in the search, were beyond the scope and ambit contemplated u/S 153A? - HELD THAT:- In the case of Commissioner of Income-tax Vs. SKS Ispat & Power Ltd [2017 (7) TMI 813 - BOMBAY HIGH COURT]wherein this Court had dismissed the appeal of the revenue on the same question of law. Section 153A cannot be a tool to have a second inning of assessment either to the Revenue or the assessee. Even in the case of Gurinder Singh Bawa [2015 (10) TMI 1761 - BOMBAY HIGH COURT], the assessment was under Section 143(1) of the Act and the Court held that the scope of assessment after search under Section 153A would be limited to the incriminating evidence found during the search and no further. No substantial question of law arises.
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