Scope of search assessments u/s 153A: The unending controversy

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From: editor@itatonline.org <itatonline.org@gmail.com>
Date: Mon, Aug 6, 2012 at 9:50 AM
Subject: Message from EGroup of SolapurCAs Scope of search assessments u/s 153A: The unending controversy
To: editor@itatonline.org

 

Dear Subscriber,

Scope of search assessments u/s 153A: The unending controversy

CA Vidhan Surana & CA Sunil Maloo

S. 153A, which deals with search assessments continues to baffle tax experts. In All Cargo, the Special Bench held that "completed assessments" can be assessed only on the basis of seized / incriminating material. While one view is that this interpretation is incorrect, the authors have taken the converse view after a careful study of the entire law on the subject

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Regards,

Editor,

itatonline.org

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