Dismissing the SLP the Court held that in view of the reasoning given by the High Court on incriminating material found and thereafter assessment under section 153A of the Income-Tax Act, 1961, in the facts and circumstances of the case, no interference was called for in exercise of powers under article 136 of the Constitution.
Siddharth Gupta v. PCIT (2023) 452 ITR 227 (SC) Editorial: PCIT v. Mehndipur Balaji (2022) 447 ITR 517 (All)(HC), affirmed.
S. 153A : Assessment-Search or requisition-Incriminating material was found in search and investigation-Assessment order valid. [Art. 136]