During the course of a Search and Seizure action, it is seen in practice that incriminating material in the form of documents, diaries and other evidences are found which sometime reflects undisclosed income of an assessee only for a particular limited period of time and not for all the assessment years to be covered u/s 153A of the Income Tax Act’1961.
Explore the complexities of Section 131(1A) notices after the conclusion of an Income Tax Search & Seizure. Unravel the controversy surrounding post-search inquiries, the scope of powers, and legal paradoxes. Delve into conflicting court decisions, emphasizing the need for clarity in this nuanced area of Income Tax law.
Explore the legality of converting Income Tax surveys (Section 133A) into full-fledged Search & Seizure actions (Section 132) under the Income Tax Act 1961. Uncover governing laws, judicial pronouncements, and expert insights on this complex issue.
Understanding the provisions of assessment in case of search u/s. 153A: Learn about the special procedure for assessment of search cases under Chapter XIV-B.
Bar on Subsequent Application to Income Tax Settlement Commission: Conflict between Legislative Intention and Judicial View The scheme of Settlement of cases under the Income Tax Act’1961 is governed by Sections 245A to 245M contained in ‘Chapter XIX-A: Settlement of Cases’. In the common parlance, it is believed that the settlement of cases is a […]
Legality of Prior approval of Joint Commissioner of Income Tax for assessment in search cases under Section 153D of Income Tax Act, 1961
