Reopening of Assessments u/s 153A of Income Tax Act Unjustified if No Incriminating Material Linked to Undisclosed Income Discovered in Search: Patna HC [Read Order]

Reopening of Assessments - Income Tax Act Unjustified if No Incriminating Material Linked to Undisclosed Income Discovered in Search - Patna HC - TAXSCAN

The High Court of Patna has held that the reopening of assessments under Section 153A of the Income Tax Act, 1961 is unjustified if no incriminating material linked to undisclosed income is discovered during the search operation. The judgment came in response to an appeal filed by the Assistant Commissioner of Income Tax, Central Circle…

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