https://www.taxtmi.com/caselaws?id=467554 In a search assessment under section 153A, the Assessing Officer may reopen and verify six preceding assessment years where seized gift deeds and affidavits are found and the earlier returns were only processed under section 143(1). On those facts, the Tribunal upheld invocation of section 153A. However, where the genuineness of the gifts and the creditworthiness of the donors had not been properly examined, and summons under section 131 were not issued to the donors, the gift-related addition was set aside and remitted for fresh verification after giving the assessee an opportunity of hearing. en-us Fri, 13 Oct 2017 00:00:00 +0530 Tue, 24 Mar 2026 12:44:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467554 In a search assessment under section 153A, the Assessing Officer may reopen and verify six preceding assessment years where seized gift deeds and affidavits are found and the earlier returns were only processed under section 143(1). On those facts, the Tribunal upheld invocation of section 153A. However, where the genuineness of the gifts and the creditworthiness of the donors had not been properly examined, and summons under section 131 were not issued to the donors, the gift-related addition was set aside and remitted for fresh verification after giving the assessee an opportunity of hearing. Case-Laws Income Tax Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467554