Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 TMI Notes - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws----
  • ---- All Laws----
  • Benami Property
  • Bill
  • Central Excise
  • Companies Law
  • Customs
  • DGFT
  • FEMA
  • GST
  • GST - States
  • IBC
  • Income Tax
  • Indian Laws
  • Money Laundering
  • SEBI
  • SEZ
  • Service Tax
  • VAT / Sales Tax
Types:
---- All Types ----
  • ---- All Types ----
  • Act Rules
  • Case Laws
  • Circulars
  • Manuals
  • News
  • Notifications
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    Case LawsIncome Tax
    TDS and International Transactions: Categorization of Payments under the ambit of "royalty" or "fees...
    Case LawsIncome Tax
    Assessment u/s 153C and Unexplained Investments: A Case Study in Legal Reasoning
    Case LawsIncome Tax
    Delhi High Court Elucidates on the Scope of Section 80IA in the Context of Business Expansion: Inter...
    Case LawsIncome Tax
    Penalty Limitations and Reasonable Cause: Navigating the Nuances of Tax Penalties
    Joint Insolvency Applications in Real Estate and Fulfillment of Threshold under IBC: Limitation and ...
    Digital Authentication in Tax Notices and the Interplay of Sections 61 and 74 in GST Law: Exploring ...
    Confirmation of GST demand by adjudicating Show Cause notice u/s 73: Procedural Requirements and Fai...
    Case LawsCustoms
    Customs Duty of an EOU and the Fate of Obsolete Imports: Destroying Obsolete Goods without Paying Du...
    Understanding the Bail Denial: Case Analysis of a Money Laundering Offense
    When Taxpayers Make Mistakes in Filing GST Returns: Understanding the Legal Aspect of GST Rectificat...
    Navigating Insolvency Proceedings: Understanding CoC's Role and Section 65 of IBC in Corporate Liqu...
    In-depth Legal Examination of a High-Profile Tax Evasion and Forgery Case: Bail Application Denied
    Unraveling the Inverted Duty Structure: Complexities of ITC Refunds in GST
    Case LawsCentral Excise
    Reasonable Time for Adjudication of Show Cause Notice (SCN): The law requires authorities to exercis...
    Case LawsCustoms
    Navigating the Legal Labyrinth of Second-Hand Goods Import: The Intersection of Trade Policy and Jud...
    Case LawsIncome Tax
    Income Tax Return Delays: High Court Rules on Tax Authority's Decision-Making Boundaries
    Navigating Tax Law Complexities: judicial approach towards the adjudication and appeal process
    Case LawsIncome Tax
    The Interplay of Sales and Bogus Purchases in Tax Evasion Cases: Assessing Tax Evasion Allegations
    Case LawsIncome Tax
    Proportionality and Evidence in Tax Assessments: Accommodation entries, Bogus Purchase and Estimatio...
    Case LawsIncome Tax
    Judicial Scrutiny of Tax Deducted at Source (TDS) Non-Deposit: Protecting the Rights of Taxpayers Ag...
❯❯
MaximizeMaximizeMaximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

    +

    Are you sure you want to delete "My most important" ?

    NOTE:

    Notes
    Showing Results for :
    Reset Filters
    Results Found:
    Show All SummariesHide All Summaries
    Case LawsIncome Tax
    Show AI Summary
    Royalty vs fees for included services: classification of cross border lead generation payments determines TDS obligation under tax treaty.
    Categorisation of cross border payments as royalty or fees for included services under the India US DTAA determines withholding under Section 195. Royalties cover payments for use of intellectual property; fees for included services require that technical knowledge, skill, or know how be made available. Services limited to lead generation, databases, or market facilitation without transfer of proprietary technical content do not qualify as either category and therefore fall outside the DTAA based TDS obligation.
    Case LawsIncome Tax
    Show AI Summary
    Search-based assessment jurisdiction governs treatment of unexplained investments when records are absent, shifting the burden of proof to the assessee.
    Assessment based on search-derived incriminating material applies when jurisdiction under search-based assessment is not contested, and unexplained investments are taxed depending on whether amounts are recorded in books of account. The assessee bears the onus to explain investments; absence of records, non-filing of returns and non-cooperation justify adverse inferences. Procedural elements such as delay condonation, set-aside orders and cooperation in reassessment affect the assessment process, while interest for non-furnishing of returns is tied to the timing of the regular assessment.
    Case LawsIncome Tax
    Show AI Summary
    Scope of Section 80IA: expansion within the same undertaking does not automatically forfeit tax holiday eligibility.
    The court considered whether adding services and acquiring additional licenses by a telecommunications company created a new "undertaking" for tax holiday purposes. Finding that the company continued its original business using largely the same infrastructure and manpower, the court endorsed the Tribunal's conclusion that expansion within the same operational framework does not automatically constitute a separate undertaking and should not defeat eligibility for the tax holiday intended to encourage capital intensive projects.
    Case LawsIncome Tax
    Show AI Summary
    Limitation for tax penalties: emphasis on initiation of action preserves enforcement; reasonable cause evaluated by business realities.
    Applicability of the limitation period is determined by the initiation of action rather than the formal start of penalty proceedings, making the triggering of enforcement activity the operative moment for limitation. The reasonable cause doctrine is applied with attention to the appellant's bank like operations despite its cooperative structure, recognizing long standing practices and business realities as bearing on culpability for transaction handling contraventions.
    Case LawsIBC
    Show AI Summary
    Joint application maintainability under IBC: interconnected real estate defaults can meet allottee threshold despite limitation objections.
    Maintainability of a joint application under the Insolvency and Bankruptcy Code is supported where separate corporate participants in a real estate project have interconnected obligations, allowing joinder in a single filing. The creditor threshold for initiating insolvency by allottees can include claims affected by limitation when the default is a continuous breach, producing a continuing cause of action under the Limitation Act and thereby supporting counting such claims toward the allottee threshold.
    Case LawsGST
    Show AI Summary
    Digital authentication of tax notices enables enforcement despite verification procedures not being an absolute prerequisite for punitive action.
    The analysis focuses on the legal effect of digitally authenticated GST portal notices, the sufficiency of portal-based service for triggering taxpayer obligations, and the distinction between routine verification of returns and discretionary enforcement actions for suspected fraudulent defaults; it observes that verification is not an absolute prerequisite to initiate enforcement where officers reasonably suspect fraud, and that failure to engage with portal notices weakens natural justice claims.
    Case LawsGST
    Show AI Summary
    Natural justice breach: non self contained, short notice show cause demands require reissuance with fair opportunity.
    A show cause notice initiating an adjudicatory demand must be self contained, supply sufficient material for response, and afford a reasonable opportunity to reply; an inadequate content and an unreasonably short response period (well below the preferred thirty days and below a minimum of fifteen days) violate audi alteram partem and procedural fairness. Defective notices warrant issuance of a fresh, legally valid notice rectifying the procedural defects, and may attract costs consequences against the issuing authority.
    Case LawsCustoms
    Show AI Summary
    Destruction of obsolete imports: destruction with Customs permission can relieve full customs duty subject to procedural compliance.
    Whether imported raw materials and components rendered obsolete may be destroyed without paying customs duty where the unit obtains Customs permission and offers to pay duty on scrap value; reliance was placed on the Foreign Trade Policy, Circular No. 60/1999 Cus and an amendment to the governing Notification which exempts duty when goods are destroyed with Customs' permission, balanced against the Revenue's contention that non use within prescribed time attracts duty.
    Case LawsPMLA
    Show AI Summary
    Money laundering offence: bail refused where admissible witness statements and accused failed to discharge burden showing non involvement.
    Bail was refused where admissible witness statements provided a prima facie basis to implicate the appellant in money laundering and the accused failed to show non involvement or low risk of reoffending. Money laundering was treated as an independent offence tied to dealings in proceeds, admissible statements supported inferences from financial transactions and concealment, parity was held non automatic, and discretionary release for trial delay does not guarantee bail in serious economic offences.
    Case LawsGST
    Show AI Summary
    GST rectification: inadvertent filing errors may be amended when no revenue loss, encouraging taxpayer-friendly compliance.
    Rectification of GST return entries is permissible where errors are inadvertent and do not cause revenue loss. The court interprets CGST/MGST filing and correction provisions purposively, recognising practical difficulties faced by taxpayers and the central importance of accurate returns for downstream GST processes. Authorities are urged to permit amendments by online or manual means in cases of genuine mistake without fiscal prejudice, promoting a taxpayer friendly and pragmatic approach consistent with other high court decisions.
    Case LawsIBC
    Show AI Summary
    CoC autonomy in insolvency: CoC may decide liquidation prior to plan confirmation and section 65 targets malicious filings.
    Committee of Creditors autonomy over liquidation is recognized: the CoC may lawfully decide liquidation under Section 33(2) before confirmation of a resolution plan, and Section 65 requires clear evidence of filings made for purposes other than insolvency resolution before imposing penal consequences.
    Case LawsGST
    Show AI Summary
    Bail considerations: Serious economic offence allegations constrain pretrial liberty when evidence tampering and investigative integrity risks exist.
    Bail considerations focus on the seriousness of alleged tax evasion, forgery and conspiracy under the IPC, the risk of evidence tampering or witness influence, and the accused's antecedents; ongoing investigation complexity and public interest in protecting the exchequer weigh against interim release. Arguments relying on GST compounding or procedural non-compliance are distinguished from IPC offences, and precedents concerning customs or GST matters are treated as contextually different when assessing pretrial liberty.
    Case LawsGST
    Show AI Summary
    Input Tax Credit refund: prior IGST refunds do not bar unutilized ITC claims; supporting evidence required for reconsideration.
    The court analysed entitlement to refund of unutilized Input Tax Credit under an inverted duty structure and held that prior IGST refunds for zero-rated supplies do not automatically bar a Section 54 refund claim; absence of debit entries alone cannot justify rejection. The decision emphasises the requirement to submit comprehensive supporting documents distinguishing inputs affected by the inverted duty structure and directs reconsideration allowing additional evidence and a reasoned order consistent with statutory conditions and principles of natural justice.
    Case LawsCentral Excise
    Show AI Summary
    Reasonable Time for Adjudication: undue delay undermines natural justice and precludes indefinite postponement of proceedings.
    Adjudication of an excise Show Cause Notice must occur within a reasonable time so as to preserve evidentiary integrity and witness availability; prolonged inaction between issuance of an SCN and hearing prejudices the respondent, infringes the principles of natural justice, and requires statutory time-limit language to be interpreted to prevent indefinite delay.
    Case LawsCustoms
    Show AI Summary
    Second-hand goods import classification clarified: multifunction capital equipment falls under unrestricted category, subject to compliance and duty measures.
    The court determined that imported second-hand multifunction print and copying machines fall within the Foreign Trade Policy 2023 unrestricted category I(d) for second-hand capital goods and were incorrectly classified as prohibited by customs; it contrasted the 2023 and 2019 policies, relied on precedent, and directed the customs department to pass appropriate orders within a reasonable time while permitting provisional measures subject to enhanced duty payment.
    Case LawsIncome Tax
    Show AI Summary
    Condonation of delay: focus on admissibility of the request, not the substantive merits of the tax claim.
    The legal principle requires that the authorized officer considering a condonation application under Section 119(2)(b) confine inquiry to the admissibility of the request and the justification for delay; assessment of the substantive merits of the taxpayer's income or loss claim is not part of the condonation exercise, and evidentiary review is limited to matters relevant to excusing the delay.
    Case LawsGST
    Show AI Summary
    Penalty under CGST law prompts appeal remedy and partial refund direction, preserving pre-deposit and taxpayer rights.
    The adjudicating officer withdrew the demand for inadmissible input tax credit and related interest and penalty, while separately imposing a penalty under Section 122(1)(vii) of the CGST Act adjusted against amounts paid by the petitioner. The court recognized the petitioner's appellate remedy and directed a partial refund subject to retention as pre-deposit, reflecting the procedural interplay between administrative adjudication and judicial review and safeguarding taxpayer rights during appeal.
    Case LawsIncome Tax
    Show AI Summary
    Interplay of sales and bogus purchases: sales consistency limits rejection of purchases and favors gross profit alignment for taxation.
    For traders, rejection of purchases cannot proceed in isolation where declared sales exhibit regularity; cost of goods sold must be coherent with recorded sales. Tax adjustments should compare differential gross profit margins and align challenged purchases with genuine GP rates, allowing proportional taxation reconciliations rather than adding the entire value of disputed purchases as income.
    Case LawsIncome Tax
    Show AI Summary
    Proportionality in tax assessments preserved: additions limited to profit element where sales are accepted, not entire purchase.
    Alleged accommodation entries may be restricted to taxation of the profit element where sales from those purchases are accepted; the tribunal limited an addition accordingly and the court upheld that proportionality. Separately, an enhanced gross profit addition was deleted because there was no concrete evidence to displace the assessee's declared book results; the court agreed that revenue must meet the evidentiary burden before altering declared figures.
    Case LawsIncome Tax
    Show AI Summary
    Tax Deducted at Source protection: taxpayers not liable for employer's failure to deposit TDS; refunds should not be adjusted.
    The note explains that TDS credit protection bars holding an assessee liable for tax already deducted by an employer who failed to remit it; employers bear the deposit obligation as tax-collecting agents. Adjusting taxpayer refunds or using coercive measures to recover demands arising from employer non-deposit contravenes the protective principle and indirect recovery limits, and authorities should correct credit mismatches rather than treat deductees as liable.

    TMI Notes

    Back

    All TMI Notes

    Showing Results for :
    Reset Filters
      No Records Found

      TMI Notes

      Back

      All TMI Notes

      whatsappJoin Channel
      Showing Results for : Reset Filters

      Section 153C (Finance Act, 2015) and Third-Party Search Assessments: Interplay of Belongs To and Pertains/Relates To

      28 January, 2026

      Contents
      Acts
      Plus +
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      This article analyses the judicial decision reproduced below, focusing on the legal reasoning adopted by the Court and its practical implications for practitioners. The judgment is analysed in the context of its factual background, issues framed, and conclusions reached by the Court.

      2023 (4) TMI 296 - Supreme Court

      At a Glance

      A dispute arose on whether the post-amendment text of Section 153C of the Income-tax Act, 1961 (as substituted by the Finance Act, 2015) can be invoked where the underlying search under Section 132 was initiated before the amendments effective date, but the satisfaction/transfer of material and issuance of notice under Section 153C occurred after that effective date.

      The court held that the amended Section 153C applies even to searches initiated before the amendments effective date. The court relied heavily on (i) the deeming fiction in the first proviso to Section 153C, and (ii) the legislative technique and legal effect of substitution, coupled with purposive construction of a machinery provision.

      For practice, the decision clarifies that the relevant legal regime for Section 153C action is not frozen on the date of search alone; where the statutory deeming fiction anchors timelines to the date of receiving seized material by the Assessing Officer having jurisdiction over the other person, the amended framework may govern subsequent Section 153C proceedings.

      Factual Background

      A search under Section 132 was conducted at the premises of a searched person/group. During the search, electronic material was seized, including data that contained references to a person other than the searched person (the other person/assessee).

      Proceedings were initiated against the other person under Section 153C. The other person objected, contending that, under the pre-amendment Section 153C, the statutory trigger required seized books/documents/assets to belong to the other person, and mere references or information relating to the other person would not satisfy the jurisdictional condition. Objections were rejected by the Assessing Officer.

      Multiple writ petitions were filed challenging notices under Section 153C (and in some cases, consequent assessment orders). The High Court quashed the Section 153C notices and consequential proceedings on the premise that the Finance Act, 2015 amendment to Section 153C could not be applied to searches initiated before the amendments effective date, treating the amendment as affecting substantive rights by expanding the class of persons covered.

      The revenue appealed, asserting that Section 153C is a machinery provision; that the amendment was by substitution and intended to remedy a restrictive interpretation of belongs to; and that, in any event, the deeming fiction in the proviso to Section 153C makes the date of receiving the seized material determinative for the other person.

      Issues Before the Court

      (1) Whether the amendment brought to Section 153C of the Income-tax Act, 1961 by the Finance Act, 2015 substituting the expression belongs or belong to with pertains or pertain to, or any information contained therein, relates to applies to Section 153C proceedings arising out of searches under Section 132 initiated prior to the amendments effective date.

      (2) Whether the High Court was correct in treating the Finance Act, 2015 amendment to Section 153C as purely prospective on the footing that it enlarges the scope of persons against whom Section 153C can be invoked, thereby affecting substantive rights.

      (3) What is the operative relevance of the first proviso to Section 153C (which deems the date of initiation of search reference, for the other person, as the date of receiving the seized material by the Assessing Officer having jurisdiction over such other person) while determining the applicable legal regime.

      Courts Reasoning

      1) Statutory architecture of Section 153C and its link to Section 153A

      Section 153C is structured as a non obstante machinery enabling assessment/reassessment of a person other than the searched person, by importing the assessment mechanism of Section 153A once specified jurisdictional conditions are met. Both the pre-amendment and post-amendment versions operate on the same core idea: where seized material connects to a non-searched person, the Assessing Officer having jurisdiction over that other person proceeds under the Section 153A framework.

      2) The critical change introduced by the Finance Act, 2015: belongs to vs pertains/relates to

      Pre-amendment Section 153C(1) required the Assessing Officer to be satisfied that books of account/documents/assets seized belongs or belong to a person other than the person referred to in Section 153A. Post-amendment Section 153C(1) retains belongs to for assets such as money, bullion, jewellery or other valuable article or thing, but, for books of account and documents, expands the trigger to where such material pertains or pertain to, or any information contained therein, relates to a person other than the searched person.

      The court treated this expansion as a legislative response to a restrictive judicial reading of belongs to, which had hindered action against third parties even where incriminating documents or information were found in the searched persons possession but did not strictly belong to the third party.

      3) Deeming fiction in the first proviso to Section 153C: date of receiving as the operative reference point

      The court placed substantial weight on the first proviso to Section 153C. Under that proviso, for the other person, the statutory reference to the date of initiation of the search under Section 132 or making of requisition under Section 132A (as appearing in the second proviso to Section 153A(1)) is to be construed as a reference to the date of receiving the seized books/documents/assets by the Assessing Officer having jurisdiction over such other person.

      This deeming rule shifts the anchor point, for the other person, away from the search initiation date and towards the date when jurisdictional material is received by the Assessing Officer of the other person. On that approach, if the receipt/transfer and the subsequent notice under Section 153C occur after the amendments effective date, the provision existing as on that date governs the proceedings.

      4) Amendment by substitution and its interpretive consequence

      The Finance Act, 2015 amendment was characterised as a substitution of text in Section 153C, not a mere addition. Relying on settled interpretive principles on substitution, the court reasoned that substitution ordinarily results in the earlier text being replaced as if the substituted text were the operative text, subject to statutory context and purpose.

      In the courts analysis, reading the amended Section 153C as inapplicable merely because the search preceded the amendment would undermine the legislative cure, given that the very mischief addressed was the inability to proceed against an other person despite incriminating material being found during search.

      5) Section 153C as a machinery provision: purposive construction to avoid frustration of the mechanism

      While acknowledging that taxing statutes are generally strictly construed, the court reiterated that machinery provisions are construed so as to make them workable and to effectuate the charge and statutory purpose. Section 153C, being the machinery for assessing any other person on the basis of search material, must be interpreted to advance its manifest purpose.

      The court reasoned that if the amended phraseology (pertains to/relates to) were denied operation for pre-amendment searches, then for a significant class of situations where incriminating information about a third party exists in seized material that does not strictly belong to that third party the Section 153C mechanism would remain ineffective, contrary to the legislative objective behind the substitution.

      6) Rejection of the substantive right/vested right objection in the given setting

      The court did not accept the contention that the amendment could not apply because it expanded coverage and affected substantive rights. It viewed Section 153C as a procedural/machinery route to assess the other person based on seized material; the issuance of notice and ensuing process does not, by itself, conclude liability. Consequently, treating the amendment as incapable of operating in such pending/future proceedings, solely due to the search being earlier, was not upheld.

      7) Procedural consequence: liberty to challenge assessments on other grounds

      Because the High Court had decided writ petitions largely on the amendment-applicability issue, other grounds to challenge notices/assessments were left undecided. The court therefore preserved the assessees liberty to pursue statutory appeals before the Commissioner of Income-tax (Appeals) on other grounds, to be considered on merits in accordance with law, subject to the stated time window (not reproduced here).

      Decision & Ratio

      The court set aside the High Courts judgment and held that the Finance Act, 2015 amendment to Section 153C applies to Section 153C proceedings even where the search under Section 132 was initiated before the amendments effective date.

      Ratio (in substance): For proceedings against an other person under Section 153C, the deeming fiction in the first proviso to Section 153C treats the relevant reference date as the date on which the Assessing Officer having jurisdiction over the other person receives the seized books/documents/assets. Where the satisfaction/receipt of material and issuance of Section 153C notice occur after the amendments effective date, the amended Section 153C widening the trigger from belongs to to pertains to/relates to for books/documents governs, and cannot be denied application solely because the search occurred earlier.

      Practical Implications

      1) Applicable law in Section 153C matters may turn on receipt/handing over rather than search initiation

      Practitioners should closely track the handover/receipt of seized material to the Assessing Officer of the other person, because the first proviso to Section 153C statutorily re-anchors the timeline for the other person to the date of receiving the material. This affects the assessment year linkage under Section 153A and, as affirmed, can also influence which version of Section 153C governs the jurisdictional trigger for documents/information.

      2) Wider evidentiary trigger post-amendment for documents and digital material

      After substitution, Section 153C(1)(b) expressly covers documents that pertain to the other person, or where any information contained therein relates to the other person. This is especially significant for electronic records and extracted datasets, where ownership/belonging may be contestable but linkage/relatability may be demonstrable.

      3) Satisfaction and bearing on determination of total income remain central

      The amended Section 153C(1) further requires that the Assessing Officer be satisfied that the seized books/documents/assets have a bearing on the determination of the other persons total income for the specified six assessment years (and the relevant years referred to in Section 153A(1)). The widened entry point does not eliminate the need for a recorded satisfaction that connects material to income determination.

      4) Writ strategy: jurisdictional challenges may not succeed solely on the pre-amendment search date

      Where the only challenge is that the search predates the amendment, the decision indicates such a challenge is unlikely to succeed if the statutory conditions (including satisfaction and receipt of material by the other persons Assessing Officer) are met post-amendment. Challenges, if any, are likely to shift toward the sufficiency of satisfaction, the nexus/bearing requirement, procedural compliance, and other statutory grounds.

      5) Appellate pathway preserved for other objections

      Even where writ petitions were disposed on the amendment point, assessees are not foreclosed from raising other grounds in statutory appeals (for example, grounds relating to the formation/recording of satisfaction, jurisdictional handover, and the nexus of seized material to income determination), subject to maintainability and limitation under the Act.

      Key Takeaways

      • Section 153C (post Finance Act, 2015) applies to proceedings against a non-searched person even if the underlying Section 132 search began before the amendments effective date.
      • The first proviso to Section 153C is pivotal: for the other person, statutory references to the search date are deemed to refer to the date of receiving seized material by the other persons Assessing Officer.
      • The substitution from belongs to to pertains to/relates to (for books of account/documents) is treated as a purposeful cure to a restrictive interpretation that hindered third-party assessments.
      • Section 153C is approached as a machinery provision; courts will prefer a construction that makes the mechanism workable and avoids frustrating legislative purpose.
      • While the amendment widens coverage, proceedings must still satisfy statutory preconditions, including satisfaction and the bearing on determination of total income requirement.

       


      Full Text:

      2023 (4) TMI 296 - Supreme Court

      Topics

      ActsIncome Tax