https://www.taxtmi.com/caselaws?id=341087 HC held that under Section 153A, the AO has the authority to reassess returns not only for undisclosed income found during a search but also regarding assessments already finalized under Section 143(1). The provision overrides Sections 139, 147, 148, 149, 151, and 153, allowing reassessment for six years preceding the search year. The court affirmed that the power to reassess includes revisiting completed assessments based on available material at the original assessment time. The Tribunal's contrary view was set aside, and the additions made by the AO were restored. The decision favored revenue. en-us Tue, 06 Sep 2016 00:00:00 +0530 Wed, 23 Jul 2025 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341087 HC held that under Section 153A, the AO has the authority to reassess returns not only for undisclosed income found during a search but also regarding assessments already finalized under Section 143(1). The provision overrides Sections 139, 147, 148, 149, 151, and 153, allowing reassessment for six years preceding the search year. The court affirmed that the power to reassess includes revisiting completed assessments based on available material at the original assessment time. The Tribunal's contrary view was set aside, and the additions made by the AO were restored. The decision favored revenue. Case-Laws Income Tax Tue, 06 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341087