Tax Act, 1961
153A. Assessment in case of search or requisition.
(1) Notwithstanding anything contained in section 139, section 147, section 148, section 149, section ... section 153, in the case of a person where a search is initiated under section 132 or books of account, other documents or any assets
u/s 153A in search cases as
during the pendency of the proceedings u/s 153A , the proceedings u/s
147 of the Income Tax ... u/s 153A in search cases as
during the pendency of the proceedings u/s 153A , the proceedings u/s
147 of the Income Tax
wrongly initiated penalty proceedings
under Section 271(1) of the Income Tax Act, 1961. (1)(c) of the Income Tax
Act, 1961 .
14. The assessee ... response to notice u/s 153A dated 30.1.2020, the Appellant filed return
u/s 153A on 08.04.2021 declaring total income therein
income of
Rs. 755290/- and the above return was processed and assessed under
section 143 (1) of the income tax act. This return of income ... search under section 132 of the
income tax act and not at the time of issue of notice under section 153A of the
income tax
accepted under
section 143(1) of the Income Tax Act, 1961 and no notice
under section 143(2) of the Income-Tax ... Income Tax, Central-(2), New Delhi, under section 264 of
the Income Tax Act, 1961, therefore, it cannot be raised
before the Ld. CIT
survey under Section 133A of the Income Tax Act
and not conducted search under Section 132 of the Income Tax Act.
The learned Standing Counsel ... Income Tax Act reads as follows:
“153A.(1) Notwithstanding anything contained in
section 139 , section 147 , section 148 , section 149 , section
151 and section
under
section 153A are denovo proceedings and once notice under section
153A is issued, than even the original return of income under
section ... filed under section 153A of the act.
35. As narrated earlier in the return filed under section 153A of the income
tax act the assessee
survey under Section 133A of the Income Tax Act
and not conducted search under Section 132 of the Income Tax Act.
The learned Standing Counsel ... Income Tax Act reads as follows:
“153A.(1) Notwithstanding anything contained in
section 139 , section 147 , section 148 , section 149 , section
151 and section
ASSESSMENT FRAMED U/S 153A IN ABSENCE OF
INCRIMINATING MATERIAL:
• That the search conducted u/s 132 of the Income Tax ... section (1) of] section 153A or
the assessment year referred to in clause (b) of sub-section (1) of section 153B ,
except with the prior
ASSESSMENT FRAMED U/S 153A IN ABSENCE OF
INCRIMINATING MATERIAL:
• That the search conducted u/s 132 of the Income Tax ... section (1) of] section 153A or
the assessment year referred to in clause (b) of sub-section (1) of section 153B ,
except with the prior
