https://www.taxtmi.com/caselaws?id=339539 The High Court clarified that under Section 153A of the Income Tax Act, the Assessing Officer must assess total income for the block period based on incriminating material found during the search or requisition. Assessments should be made solely on material collected during the search, with each assessment year treated separately. If no incriminating material is found for a specific year, the previous assessment stands. The court upheld the Assessing Officer's authority in dismissing the Tax Appeal, aligning with previous judgments on the matter. en-us Mon, 20 Feb 2017 00:00:00 +0530 Wed, 08 Mar 2017 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339539 The High Court clarified that under Section 153A of the Income Tax Act, the Assessing Officer must assess total income for the block period based on incriminating material found during the search or requisition. Assessments should be made solely on material collected during the search, with each assessment year treated separately. If no incriminating material is found for a specific year, the previous assessment stands. The court upheld the Assessing Officer's authority in dismissing the Tax Appeal, aligning with previous judgments on the matter. Case-Laws Income Tax Mon, 20 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339539