2023 (9) TMI 1166

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....unsel with Ms Dacchita Shahi, Standing Counsel. For the Respondent Through: Mr Bhupinderjeet Singh, Adv. CM Appl.8570/2021 [Application moved on behalf of the appellant/revenue seeking condonation of delay of 113 days in filing the appeal] 1. This is an application filed on behalf of the appellant/revenue, seeking condonation of delay in filing the appeal. 2. According to the appellant....

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....ade pursuant to a search and seizure operation, which took place at the respondent/assessee's premises on 12.01.2012 and 11.09.2013. 9. The record also shows that notices under Section 153A of the Act were issued on 08.07.2013 and 25.11.2014. 10. The record further discloses that on 23.03.2016, the assessment qua aforementioned AY under Section 153A was completed vis-à-vis the respond....

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....can be concluded that, once a search takes place u/s 132 of the Act, the assessee is obliged to file returns for the six assessment years immediately proceeding the previous year relevant to the assessment year in which the search took place. Insofar as the completed assessment as on the date of the search are concerned, the same are to be repeated as increased by additions, only if, based on incr....