Bombay HC dismisses Income Tax Appeal on assessment validity under sections 143(3) and 153A.

The Bombay HC dismissed the Income Tax Appeal challenging the validity of an assessment order under sections 143(3) and 153A of the Income Tax Act, 1961. The Court ruled that assessments under section 153A require incriminating material from a search. As no legal issues were identified, the appeal was rejected.

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The Bombay High Court dismissed the Income Tax Appeal against the order of the Income Tax Appellate Tribunal. The appeal raised questions regarding the validity of the assessment order passed under section 143(3) read with section 153A of the Income Tax Act, 1961. The Court held that assessment under section 153A can only be made based on incriminating material found during a search. The appeal was dismissed as no question of law arose.

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