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of <h1>Supreme Court Limits Assessing Officer's Power to Incriminating Material in Section 153A Searches, Protecting Taxpayer Rights.</h1> The article analyzes the Supreme Court's interpretation of Section 153A of the Income Tax Act, focusing on its application in search and seizure contexts. The central issue is whether the Assessing Officer can consider only incriminating material found during a search for completed assessments. The Revenue argued for a broad interpretation, allowing assessment of all material, while the assessees contended it should be limited to incriminating evidence. The Supreme Court upheld the view that for completed assessments, the officer's jurisdiction is restricted to incriminating material found during the search, aligning with prior High Court rulings and protecting taxpayer rights.
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