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2016 (12) TMI 1722 - AT - Income TaxAssessment u/s 153A - Held that:- For the previous year 2006-07, the assessment year 2007-08, this assessment year succeeds the period of search and not preceeds. From the plain language of the provisions contained in Clause (b) of Sub-Section (1) of Section 153A of the Act, it is clear that the assessment u/s 153A could have been framed for the 6 assessment years which precedes the assessment year 2007-08. We are of the confirmed view that the assessment u/s 153A could have been framed for the assessment years 2001-02 to 2006-07 only and not for the assessment year 2007-08. As the assessment for the assessment year under consideration was framed by the AO u/s 153A, therefore, this assessment was not valid in the eyes of law and void ab initio. The same is quashed. Since, we have quashed the assessment order under consideration, considering the same as invalid.
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