Section 153A and Income Tax Assessments Post Search and Seizure Operations: Exploring the Role of Incriminating Material in Legal Adjudication

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..... al issue pertains to the validity of the assessment under Section 153A of the Income Tax Act, 1961 . The appellant raised objections against the Assessing Officer's (AO) actions under Section 153A , arguing that the additions and denials of exemptions by the AO, amounting to ₹ 227625/ , were made without any incriminating material being found or seized during the course of the search .....

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..... of Abhisar Buildwell Pvt Ltd, which establishes that if incriminating material is unearthed during a search, even for completed assessments, the AO has jurisdiction to assess or reassess the total income considering the incriminating material and other available information​​. Presence of Incriminating Material : In this case, the Tribunal found that the balance sheet of the .....

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..... estimation of income from house property, jurisdictional issues, absence of notice under Section 143(2) , levy of interest under Sections 234A , 234B , and 234C , and alleged violation of the principles of natural justice. Most of these grounds were dismissed based on the factual and legal analysis, including the validity of the assessment under Section 153A​​. Conclusion .....

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