facts in annulling
the assessment finalized u/s.153A(b) on technical ground that in
absence of search warrant, no order can be passed ... 153A(b) of
the Act, without appreciating fact that the assessee did not
challenge issue of statutory notice calling for return u/s.153A
observed and held as under:
15. On a plain reading of section 153A of the Act, it
is evident that the trigger point for exercise ... mandate is cast upon
the Assessing Officer to issue notice under section
153A of the Act to the person, requiring him to furnish
the return
requisitioned a person other
than the person referred to in section 153A, then the
books of account or documents or assets seized or
requisitioned shall ... income of the other person in
accordance with the provisions of section 153A, if,
that Assessing Officer is satisfied that the books of
account
observed and held as under:
15. On a plain reading of section 153A of the Act, it is
evident that the trigger point for exercise ... mandate is cast upon the Assessing Officer to
issue notice under section 153A of the Act to the person,
requiring him to furnish the return
Hearing on application of stay against recovery
of demand raised u/s.153A ... against the Assessment Order passed in your
case u/s. 153A
note reads thus:
"During the course of assessment proceedings u/s. 153A in the case of
Shri Suresh Kumar Jaikishan Bangarwa and Shri Jagdish ... Jaikishan Bangarwa (PAN
DBBPK4089Q) / Shri Jagdish Prasad (PAN EKHPP3432A) covered
u/s. 153A of the I T Act belongs to and information in this regard
effect that any addition / disallowance during the
assessment under Section 153A the Income Tax Act
has to be confined to the incriminating material
found during ... even though there is no stipulation
in section 153A of the Income Tax Act?
(e) Whether in the facts and circumstances of the
case
related to the given
assessment year found during search,
assessment u/s. 153A of the Act cannot be
made for that assessment year for which ... such circumstances,
in accordance with the provisions of Section 153A of
the Act, 1961, a notice was issued to the assessee
dated 19.11.2013. In response
eyes of law?
Category 2:- Whether the assessment proceedings
under Section 153A is to be framed strictly on the basis of
the incriminating material found ... concerned assessment?
Category 3:- Whether the assessments completed
under Section 153A are within limitation or not?
Category 4:- Whether reopening of the assessments in
Page
therefore, time
limit to pass the Assessment Order under
section 153A of the Act in the cases related
with the Venus Group was upto ... 2024
undefined
the other person in accordance with the
provision of section 153A and as per the
second proviso to section 153A
