Validity of assessment u/s 153A - the additions as finally made ...

Income Tax

April 18, 2023

Validity of assessment u/s 153A - the additions as finally made to the total income of the assessee on account of transactions reflected in the Bank account of the assessee with HSBC, Geneva, Switzerland and income relating thereto for both the years under consideration are beyond the scope of section 153A as the assessments for the said years had become final prior to the date of search and there was no incriminating material found during the course of search to support and substantiate the said addition. - AT

View Source

← Previous Next →

Validity of assessment u/s 153A - the additions as finally made ...

Income Tax

April 18, 2023

You may also like:

Validity of assessment u/s 153A - AO would be competent to reopen the assessment proceeding already made and determine the total income of the assessee. The Assessing...

Validity of Assessment u/s 153A - in cases where the assessment or reassessment proceedings have already been completed and assessment orders have been passed, which...

Assessment u/s 153A - addition u/s 68 - in search assessments, the addition cannot be made without the incriminating material in completed assessments. - AT

Assessment u/s 153A – The addition was made on estimated basis and on assumptions without referring to the specific information in the seized material or any other...

Validity of assessment passed u/s 153A pursuant to search and seizure - The High Court has observed and held that, the assessee’s assessment for the relevant year stood...

Assessment u/s 153A - If no incriminating material is found during the course of search, then, the amount of total income determined under the earlier completed...

Validity of Assessment u/s 153A - The information obtained from outside agencies which was confronted with the assessee during the search cannot be considered as...

Validity of assessments u/s 153A – when nothing incriminating material was found in the course of search, completed / finalized assessments for such years could not be...

In 153A/C assessments additions cannot be made unless they are based on any incriminating material or inquiries based on such material. - AT

The additions over and above the assessed income cannot be made dehors the incriminating material found at the time of search while completing the assessment under...

Quick Updates: