2023 (4) TMI 1413

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..... : Mr. J. P. Khaitan, Sr. Adv., Mr. Sanjoy Bhowmick, Adv., Mr. Kaushik Banerjee, Adv., Mr. Sayak Chakraborty, Ad. ORDER The Court : This appeal has been filed by the revenue challenging the order passed by the Income Tax Appellate Tribunal. The legal issue involved in the instant case is the scope of assessment under Section 153A of the Income Tax Act. The legal issue which has been raised by th .....

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..... s: "14. In view of the above and for the reasons stated above, it is concluded as under: i] that in case of search under Section 132 or requisition under Section 132A, the AO assumes the jurisdiction for block assessment under section 153A; ii] all pending assessments/reassessments shall stand abated; iii] in case any incriminating material is found/unearthed, even, in case of unabated/com .....

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..... ercise of powers under Sections 147/148 of the Act, subject to fulfilment of the conditions as envisaged/mentioned under sections 147/148 of the Act and those powers are saved. The question involved in the present set of appeals and review petition is answered accordingly in terms of the above and the appeals and review petition preferred by the Revenue are hereby dismissed. No costs." In the l .....

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