Assessments tied to evidence from search or requisition; non filed returns treated as nil unless pre search entries indicate taxability. Amendment to section 158BB (effective 1 July 1995) confines additions to evidence found from searches or requisitions and related materials available to the Assessing Officer; limits clause (a) to matters concluded before the search or requisition; expands clause (b) to include notices under section 142(1) and section 148; restructures clause (c) to allow assessments on pre search book entries producing block period losses or income below the exemption threshold and adds clause (ca) treating other non filed returns as nil; and revises the Explanation to require Chapter VI A deductions to reflect set off of brought forward losses and unabsorbed depreciation under section 32(2).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Assessments tied to evidence from search or requisition; non filed returns treated as nil unless pre search entries indicate taxability.
Amendment to section 158BB (effective 1 July 1995) confines additions to evidence found from searches or requisitions and related materials available to the Assessing Officer; limits clause (a) to matters concluded before the search or requisition; expands clause (b) to include notices under section 142(1) and section 148; restructures clause (c) to allow assessments on pre search book entries producing block period losses or income below the exemption threshold and adds clause (ca) treating other non filed returns as nil; and revises the Explanation to require Chapter VI A deductions to reflect set off of brought forward losses and unabsorbed depreciation under section 32(2).
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