Allowing the appeal of the Revenue the Court held that amendment brought to section 153C vide Finance Act, 2015 shall be applicable to searches conducted under section 132 before 1-6-2015, i.e., date of amendment. Order of Tribunal is set aside.Followed, ITO v. Vikram Sujitkumar Bhatia [2023]293 Taxman 4/453 ITR 417 (SC). (AY. 2011-12)
PCIT v. Siddhi Vinayak Developers (2023) 295 Taxman 340 (Guj.)(HC)
S. 153C : Assessment-Income of any other person-Amendment brought to section 153C vide Finance Act, 2015 shall be applicable to searches conducted under section 132 before 1-6-2015, i.e., date of amendment. [S. 132, 153A]