{"id":37480,"date":"2023-09-07T15:39:46","date_gmt":"2023-09-07T10:09:46","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-v-vikram-sujitkumar-bhatia-2023-453-itr-417-293-taxman-4-332-ctr-1-224-dtr-217-sc-editorial-anil-kumar-gopikrishna-agarwal-v-acit-2019-418-itr-25-2020-186-dtr-273-313-ctr-520-gu\/"},"modified":"2023-09-07T15:39:46","modified_gmt":"2023-09-07T10:09:46","slug":"ito-v-vikram-sujitkumar-bhatia-2023-453-itr-417-293-taxman-4-332-ctr-1-224-dtr-217-sc-editorial-anil-kumar-gopikrishna-agarwal-v-acit-2019-418-itr-25-2020-186-dtr-273-313-ctr-520-gu","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-vikram-sujitkumar-bhatia-2023-453-itr-417-293-taxman-4-332-ctr-1-224-dtr-217-sc-editorial-anil-kumar-gopikrishna-agarwal-v-acit-2019-418-itr-25-2020-186-dtr-273-313-ctr-520-gu\/","title":{"rendered":"ITO v. Vikram Sujitkumar Bhatia (2023) 453 ITR 417\/ 293 Taxman 4 \/ 332 CTR 1 \/ 224 DTR 217 (SC) Editorial: Anil Kumar Gopikrishna Agarwal v.ACIT (2019) 418 ITR 25 \/(2020) 186 DTR 273 \/ 313 CTR 520 (Guj)(HC), reversed."},"content":{"rendered":"<p>Allowing the appeals the Courts held that even though the search under section\u00a0132\u00a0was initiated prior to the amendment to section\u00a0153C\u00a0with effect from June 1, 2015, the books of account or documents or assets were received by the Assessing Officer of the assessees (in respect of whom search was not conducted) only on April 25, 2017, which was subsequent to the amendment. Therefore, when the notice under section\u00a0153C\u00a0was issued on May 4, 2018, the provision of the law existing as on that date, i. e., the amended section\u00a0153C\u00a0shall be applicable. Court held that while interpreting machinery provisions of a taxing statute, the court must give effect to its manifest purpose by construing it in such a manner as to effectuate the object and purpose of the statute. Once the primary intention is ascertained and the object and purpose of the legislation is known, it becomes the duty of the court to give the statute a purposeful or a functional interpretation. The ascertainment of the legislative intent is a basic rule of statutory construction and a construction should be preferred which advances the purpose and object of a legislation. <em>(<\/em>AY. 2008-09 to 2014-15)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153C : Assessment &#8211; Income of any other person &#8211; Search &#8211; Provision applicable to searches conducted prior to date of  amendment &#8211; (Prior to and after amendment by Finance Act, 2015, with Effect From 1-6-2015)-Search conducted prior to amendment with effect from 1-6-2015 &#8211; Books received by Assessing Officer of assessee after that date -Belongs or belong to &#8211;  Deeming fiction that date of  initiation of  search would be date when Assessing Officer of  third person receives seized material -Amended provision applicable -Interpretation of  taxing statutes -Interpretation which effectuates object and purpose of  statute preferred.-Amendment by substitution \u2014Rule against retrospectivity. [S. 132] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-37480","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9Kw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=37480"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37480\/revisions"}],"predecessor-version":[{"id":37481,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37480\/revisions\/37481"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=37480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=37480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=37480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}