Principal Commissioner of Income Tax, Central-3 v. Abhisar Buildwell P. Ltd. and others

Parties Involved

Facts Summary

The case involves a group of appeals concerning the scope of assessment under Section 153A of the Income Tax Act, 1961. The Revenue has filed appeals against orders passed by various High Courts, which held that in the absence of incriminating material found during a search, completed assessments cannot be reassessed. Conversely, the assessees have filed appeals against orders that allowed reassessment of completed assessments based on incriminating material found during a search. The central issue is whether the Assessing Officer (AO) can reassess completed assessments in the absence of incriminating material found during a search.…

Legal Issues

• 1. Scope of assessment under Section 153A of the Income Tax Act, 1961.

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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