S. 153A : Assessment-Search or requisition-Total income-Completed Assessments remain unabated-No addition permissible for such years in absence of incriminating material having been found in search-Completed or unabated assessments can be reopened under Section 147 or 148 of the Act. [S. 2(45), 131, 132, 132A, 143(1), 143(3), 147, 148,285BA]
PCIT v. Abhisar Buildwell P. Ltd. (2023)454 ITR 212/ 293 Taxman 141/ 332 CTR 385/ 225 DTR 105 (SC) Editorial : Refer case laws in the editorial. Editorial : PCIT v. Abhisar Buildwell (P.) Ltd. (2023) 294 Taxman 70/ 332 CTR 729/ 225 DTR 497 (SC), Supreme Court refused to entertain Misc, application filed by Revenue seeking clarification order passed and directed Revenue to file an appropriate review application.