Assessment under section 153A: search-triggered return requirement and assessment where escaped income meets statutory criteria. Assessment under Section 153A is triggered by search or requisition of books, documents or assets and requires a notice compelling return filing for specified assessment years. The AO may assess where he possesses books, documents or evidence showing income represented by assets has escaped assessment and meets a specified threshold, the escape pertains to the relevant year(s), and the search/requisition falls within the statutory temporal parameters. 'Relevant assessment year' and 'asset' are defined to extend the look-back and encompass specified asset classes; annulled proceedings may be revived on receipt of annulment orders.
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.
Assessment under section 153A: search-triggered return requirement and assessment where escaped income meets statutory criteria.
Assessment under Section 153A is triggered by search or requisition of books, documents or assets and requires a notice compelling return filing for specified assessment years. The AO may assess where he possesses books, documents or evidence showing income represented by assets has escaped assessment and meets a specified threshold, the escape pertains to the relevant year(s), and the search/requisition falls within the statutory temporal parameters. "Relevant assessment year" and "asset" are defined to extend the look-back and encompass specified asset classes; annulled proceedings may be revived on receipt of annulment orders.
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