https://www.taxtmi.com/caselaws?id=437030 The SC held that under Section 153A, the AO acquires jurisdiction to conduct block assessments following a search or requisition under Sections 132/132A. All pending assessments stand abated. If incriminating material is found during the search, the AO may assess or reassess total income even in completed or unabated assessments, considering both the newly found material and previously available records. However, in absence of incriminating material, no additions can be made to completed or unabated assessments under Section 153A. The AO's power to reopen such assessments under Sections 147/148 remains intact, subject to conditions therein. The SC upheld HC rulings affirming the AO's jurisdiction to reassess undisclosed income found during search operations, dismissing the appeals. en-us Mon, 24 Apr 2023 00:00:00 +0530 Wed, 06 Aug 2025 11:10:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437030 The SC held that under Section 153A, the AO acquires jurisdiction to conduct block assessments following a search or requisition under Sections 132/132A. All pending assessments stand abated. If incriminating material is found during the search, the AO may assess or reassess total income even in completed or unabated assessments, considering both the newly found material and previously available records. However, in absence of incriminating material, no additions can be made to completed or unabated assessments under Section 153A. The AO's power to reopen such assessments under Sections 147/148 remains intact, subject to conditions therein. The SC upheld HC rulings affirming the AO's jurisdiction to reassess undisclosed income found during search operations, dismissing the appeals. Case-Laws Income Tax Mon, 24 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437030