https://www.taxtmi.com/caselaws?id=418847 The judgment focused on interpreting Section 153 A of the Income Tax Act, 1961, and the requirement of incriminating material for reassessment. The court considered the jurisdiction of the assessing authority in completed assessment proceedings and the distinction between "abated" and "concluded" proceedings under Section 153 A. The Respondent argued that as no incriminating material was found during the search, reassessment under Section 153 A was unwarranted. The court annulled the Assessment Orders, emphasizing the necessity of specific incriminating material for initiating reassessment in concluded proceedings. Further hearings were scheduled to conclude the matter. en-us Tue, 22 Feb 2022 00:00:00 +0530 Fri, 25 Feb 2022 08:35:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418847 The judgment focused on interpreting Section 153 A of the Income Tax Act, 1961, and the requirement of incriminating material for reassessment. The court considered the jurisdiction of the assessing authority in completed assessment proceedings and the distinction between "abated" and "concluded" proceedings under Section 153 A. The Respondent argued that as no incriminating material was found during the search, reassessment under Section 153 A was unwarranted. The court annulled the Assessment Orders, emphasizing the necessity of specific incriminating material for initiating reassessment in concluded proceedings. Further hearings were scheduled to conclude the matter. Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418847