2014 (9) TMI 1071

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....R. S.T.M. PAVALAN, JM: This appeal filed by the Assessee is directed against the order of the Ld. CIT(A)-4, Mumbai dated 29.06.2007 for the Assessment Year 2000-01. 2. In this appeal, the assessee has agitated the decision of the Ld. CIT(A) in confirming the action of the AO disallowing the business loss and the bad debts written off claimed by the assessee. Also, the assessee vide an applic....

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.... observed that in respect of the original return of income filed by the assessee on 30.11.2000 for the Assessment Year under consideration, the intimation u/s 143(1) of the Act has been issued, however, no notice u/s 143(2) of the Act has been served by the AO. It is pertinent to mention that the assessment for the said assessment year has attained finality before the date of search hence the asse....

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....e question of reassessment of the concluded assessment does not arise. It has further been held that the underlying purpose of making assessment of total income u/s 153A is to assess income which is not disclosed or would not have been disclosed. Second proviso to section 153A providing for abatement of assessment or reassessment, which is applicable only in proceedings pending on the date of sear....