[aaykarbhavan] Scope of search assessments u/s 153A: The unending controversy

Dear Subscriber,

Scope of search assessments u/s 153A: The unending controversy

CA Vidhan Surana & CA Sunil Maloo

S. 153A, which deals with search assessments continues to baffle tax experts. In All Cargo, the Special Bench held that "completed assessments" can be assessed only on the basis of seized / incriminating material. While one view is that this interpretation is incorrect, the authors have taken the converse view after a careful study of the entire law on the subject

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