https://www.taxtmi.com/caselaws?id=437745 The Supreme Court held that in cases of search or requisition, the Assessing Officer assumes jurisdiction for block assessment under Section 153A of the Income Tax Act. All pending assessments/reassessments stand abated, and if incriminating material is found, the AO can assess or reassess the total income. If no incriminating material is found, the AO cannot make additions in completed/unabated assessments. Completed/unabated assessments can be reopened under Sections 147/148, subject to conditions. The Revenue's appeals and review petition were dismissed based on this legal position. en-us Mon, 08 May 2023 00:00:00 +0530 Fri, 12 May 2023 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437745 The Supreme Court held that in cases of search or requisition, the Assessing Officer assumes jurisdiction for block assessment under Section 153A of the Income Tax Act. All pending assessments/reassessments stand abated, and if incriminating material is found, the AO can assess or reassess the total income. If no incriminating material is found, the AO cannot make additions in completed/unabated assessments. Completed/unabated assessments can be reopened under Sections 147/148, subject to conditions. The Revenue's appeals and review petition were dismissed based on this legal position. Case-Laws Income Tax Mon, 08 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437745