https://www.taxtmi.com/caselaws?id=465625 In search assessment proceedings under s.153A, the dominant issue was whether business losses could be carried forward despite the original return being filed beyond s.139(1) due date. Relying on HC authority that completed assessments can be interfered with under s.153A only on the basis of incriminating material and that s.153A is not a substitute for s.139/s.147/s.263, the Tribunal held that carry-forward could be granted only where the s.153A proceedings effectively abate the earlier assessment process. The matter was remitted to the AO to verify whether the return filed in response to the s.153A notice was within the time specified and whether pending assessment proceedings were kept in abeyance; relief was allowed only upon satisfaction of these conditions. en-us Fri, 15 Dec 2017 00:00:00 +0530 Fri, 02 Jan 2026 11:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465625 In search assessment proceedings under s.153A, the dominant issue was whether business losses could be carried forward despite the original return being filed beyond s.139(1) due date. Relying on HC authority that completed assessments can be interfered with under s.153A only on the basis of incriminating material and that s.153A is not a substitute for s.139/s.147/s.263, the Tribunal held that carry-forward could be granted only where the s.153A proceedings effectively abate the earlier assessment process. The matter was remitted to the AO to verify whether the return filed in response to the s.153A notice was within the time specified and whether pending assessment proceedings were kept in abeyance; relief was allowed only upon satisfaction of these conditions. Case-Laws Income Tax Fri, 15 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465625