https://www.taxtmi.com/caselaws?id=796691 Following a search initiated after 1 April 2021, a timely pending original assessment may be completed under Section 143(3); reassessment under Section 148 is not mandatory. The post-2021 framework does not expressly bar scrutiny assessment after a Section 132 search, and Section 132(8) recognises Section 143(3) assessment concerning seized material. Explanation 2 to Section 148 applies where a completed assessment or intimation is followed by search, or the period for regular processing or scrutiny has expired; it does not replace an original assessment that remains pending within limitation. Timely issuance of notice under Section 143(2) and completion of assessment support validity. en-us Mon, 13 Jul 2026 00:00:00 +0530 Sat, 08 Aug 2026 08:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796691 Following a search initiated after 1 April 2021, a timely pending original assessment may be completed under Section 143(3); reassessment under Section 148 is not mandatory. The post-2021 framework does not expressly bar scrutiny assessment after a Section 132 search, and Section 132(8) recognises Section 143(3) assessment concerning seized material. Explanation 2 to Section 148 applies where a completed assessment or intimation is followed by search, or the period for regular processing or scrutiny has expired; it does not replace an original assessment that remains pending within limitation. Timely issuance of notice under Section 143(2) and completion of assessment support validity. Case-Laws Income Tax Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796691