Correctness and validity of assessment

[Anuj Bansal]

wether assessment made by A.O , u/s 143(3) said to be correct & valid if befor assessement made by him under 143(3) A search u/s 132 has been already conducted,

[Rama Krishana]

The provisions of section 158BA are overriding provisions. But explanation to section 158BA permits regular assessment in addition to block assessment. Therefore the order of AO can not be held as wrong.

AI Summary

Overriding provision of section 158BA permits regular assessment to stand alongside block assessment after a search. Whether an assessment under section 143(3) is valid after a search under section 132 when block assessment under section 158BA applies. Section 158BA is an overriding provision, but its explanation permits regular assessment in addition to block assessment; thus an order under section 143(3) after the search is not rendered incorrect merely by reason of the block assessment provisions.