Dismissing the appeal of the revenue the Court held that the Tribunal is justified in holding that scope of assessment is limited to assessing only search related income and thereby revenue was denied opportunity of taxing other escaped income that came to notice of Assessing Officer.
PCIT v. Vimal Kumar Rathi (2020) 115 taxmann.com 219 (Bom.) (HC) Editorial : SLP of revenue is dismissed as withdrawn due to low tax effect, PCIT v. Vimal Kumar Rathi (2020) 273 Taxman 274 (SC)
S. 153A : Assessment-Search-Scope of assessment is limited to assessing only search related income and thereby revenue was denied opportunity of taxing other escaped income that came to notice of Assessing Officer. [S. 132]