[aaykarbhavan] section 153A and 153C are complete code in itself for framing the assessment of search matter

Vrajlal T Gala (HUF) Vs ACIT

Income Tax - Sections 139, 271(1)(C), 153A, 153C - Resurgent India Bonds - Whether provisions of section 153A and 153C are complete code in itself for framing the assessment of search matter - Whether assessment under these provisions are not continuation of normal assessment, as prescribed under section 139 to 153 - Whether abated or not, whether for levying penalty under section 271(1)(C) in respect of assessment framed under new search provisions return filed in pursuance to the notice of 153A has to be seen for judging concealment. - Assessee's appeal allowed : MUMBAI ITAT

Please find the entire judgement enclosed

 

Regards

Prarthana Jalan

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