https://www.taxtmi.com/caselaws?id=414165 The Court upheld the validity of the amendment to Section 132(1) of the Income Tax Act, 1961, with retrospective effect, stating it was clarificatory. However, it ruled that the initiation of assessment proceedings under Section 153A without incriminating materials was unjustified. Consequently, the impugned notices for the assessment years in question were quashed. en-us Wed, 27 Oct 2021 00:00:00 +0530 Fri, 24 Dec 2021 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414165 The Court upheld the validity of the amendment to Section 132(1) of the Income Tax Act, 1961, with retrospective effect, stating it was clarificatory. However, it ruled that the initiation of assessment proceedings under Section 153A without incriminating materials was unjustified. Consequently, the impugned notices for the assessment years in question were quashed. Case-Laws Income Tax Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414165