Assessing Officer Can Reopen Six Years of Tax Returns if Incriminating Material is Found u/s 153A.

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....While it cannot be disputed that considering section 153A of the Act, the Assessing Officer can reopen and/or assess the return with respect to six preceding years; however, there must be some incriminating material available with the Assessing Officer with respect to the sale transactions in the particular assessment year. - HC....