Section 153C Bar After April 2021: Bulk Assessments Quashed by ITAT

Sundarasamy Vs ACIT (ITAT Chennai) 153C Invoked After 01.04.2021 Held Invalid: ITAT Chennai Quashes Bulk Assessments and Deletes Estimated Commission Additions The Chennai Bench of the ITAT, in a batch of appeals led by Vadippan Senthilmurugan v. ACIT and connected cases including Eveready Spinning Mills Pvt. Ltd., Sundarasamy, Arunraj and Seethadevi (AYs 2018-19, 2019-20 & 2021-22), delivered an important ruling on the post-01.04.2021 applicability of section 153C and the sustainability of estimated commission additions based on third-party search material. On the jurisdictional issue, th...