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2016 (10) TMI 1033 - HC - Income TaxValidity of addition in the Section 153A Block assessments - Held that:- This court is of the opinion that the revenue’s contentions are insubstantial. Unlike Section 148 which permits re-assessment for a completed previous year, in case tangible material available subsequently and which also further distinguishes between the return filed under Section 143(1) on the one hand and the scrutiny assessment on the other hand under Section 143(3), section 153A makes no such distinction. In other words, the basic premise on which Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] was decided i.e. that in the course of search and seizure proceedings there should be some new material forthcoming to permit addition in the Section 153A Block assessments, would squarely apply.
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