{"id":1636,"date":"2016-01-20T11:59:49","date_gmt":"2016-01-20T06:29:49","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=1636"},"modified":"2021-12-17T17:12:39","modified_gmt":"2021-12-17T11:42:39","slug":"professional-update-january-12-2016","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/professional-update-january-12-2016\/","title":{"rendered":"professional update january 12, 2016"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d73ec26edcd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d73ec26edcd\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/professional-update-january-12-2016\/#PROFESSIONAL_UPDATE_JANUARY_12_2016\" title=\"PROFESSIONAL UPDATE JANUARY 12, 2016\">PROFESSIONAL UPDATE JANUARY 12, 2016<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/professional-update-january-12-2016\/#ASSESSMENTS_US_153A_PURSUANT_TO_SEARCH_PROCEEDINGS_ARE_LIMITED_TO_INCRIMINATING_MATERIAL_UNEARTHED_DURING_THE_COURSE_OF_SUCH_SEARCH\" title=\"ASSESSMENTS U\/S 153A PURSUANT TO SEARCH PROCEEDINGS ARE LIMITED TO INCRIMINATING MATERIAL UNEARTHED DURING THE COURSE OF SUCH SEARCH:-\">ASSESSMENTS U\/S 153A PURSUANT TO SEARCH PROCEEDINGS ARE LIMITED TO INCRIMINATING MATERIAL UNEARTHED DURING THE COURSE OF SUCH SEARCH:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/professional-update-january-12-2016\/#CIT_vs_Kabul_Chawla_Delhi_High_Court\" title=\"CIT vs. Kabul Chawla (Delhi High Court)\u00a0\">CIT vs. Kabul Chawla (Delhi High Court)\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/professional-update-january-12-2016\/#Fact\" title=\"Fact :-\">Fact :-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/professional-update-january-12-2016\/#Brief_Background\" title=\"Brief Background:-\">Brief Background:-<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/professional-update-january-12-2016\/#Read_our_articles_Top_Taxation_Relaxation_to_MSMS\" title=\"Read our articles: \u00a0Top Taxation Relaxation to MSMS\">Read our articles: \u00a0Top Taxation Relaxation to MSMS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/professional-update-january-12-2016\/#Highlights_of_International_Taxation\" title=\"Highlights of International Taxation\">Highlights of International Taxation<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 style=\"text-align: justify;\"><\/h1>\n<h2 style=\"text-align: justify;\"><span style=\"color: #000080;\"><strong><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Untitled18A.png\" rel=\"attachment wp-att-1648\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1648\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Untitled18A-300x197.png\" alt=\"Untitled18A\" width=\"855\" height=\"561\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Untitled18A-300x197.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/01\/Untitled18A.png 550w\" sizes=\"(max-width: 855px) 100vw, 855px\" \/><\/a><\/strong><\/span><\/h2>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"PROFESSIONAL_UPDATE_JANUARY_12_2016\"><\/span><span style=\"color: #000080;\"><strong>PROFESSIONAL UPDATE JANUARY 12, 2016<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"ASSESSMENTS_US_153A_PURSUANT_TO_SEARCH_PROCEEDINGS_ARE_LIMITED_TO_INCRIMINATING_MATERIAL_UNEARTHED_DURING_THE_COURSE_OF_SUCH_SEARCH\"><\/span><span style=\"color: #ff6600;\"><strong>ASSESSMENTS U\/S 153A PURSUANT TO SEARCH PROCEEDINGS ARE LIMITED TO INCRIMINATING MATERIAL UNEARTHED DURING THE COURSE OF SUCH SEARCH:-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CIT_vs_Kabul_Chawla_Delhi_High_Court\"><\/span><strong>CIT vs. Kabul Chawla (Delhi High Court)\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Fact\"><\/span><span style=\"color: #00ccff;\"><strong>Fact :-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Whether the assessment u\/s 153A of the act pursuant to search operations for the years which stood assessed earlier is de-novo.<\/p>\n<p style=\"text-align: justify;\">Whether pursuant to search operations, issuance of notice u\/s 153A for the years which are already assessed does entail altogether a fresh exercise of making fresh assessment even on the issues which are not connected with the incriminating material unearthed during the course of search and seizure proceedings.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Brief_Background\"><\/span><span style=\"color: #00ccff;\"><strong>Brief Background:-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">This issue ( as to whether search assessments are fresh assessments or limited assessments only w.r.t the seized material) \u00a0has been a matter of judicial controversy over the years leading to high end litigation across the country so far as different courts and tribunals have given divergent views on the matter.<\/p>\n<p style=\"text-align: justify;\">As a matter of big relief, the Hon\u2019ble HC held that the completed assessments can be interfered with by the AO while making the assessment under Section 153 A only on the basis of some incriminating material unearthed during the course of search or requisition of documents or undisclosed income or property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment.<\/p>\n<p style=\"text-align: justify;\">The legal position that emerges after the aforesaid judgment is that the assessments u\/s 153A has to be essentially based on the documents unearthed during the course of search and seizure operations and a completed assessment becomes final unless some incriminating material is found in the course of search.<\/p>\n<p style=\"text-align: justify;\">In other words,\u00a0if any issue is accepted in original assessment order, the same cannot be once again re-considered while framing assessment under section 153A except if some evidence or material is found at the time of search in respect of such issue leading to the inference of undisclosed income.<\/p>\n<p style=\"text-align: justify;\">The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Read_our_articles_Top_Taxation_Relaxation_to_MSMS\"><\/span>Read our articles: \u00a0<a href=\"https:\/\/carajput.com\/blog\/relevant-parts-of-the-honorable-fm-press-conference\/\">Top <\/a><a href=\"https:\/\/www.caindelhiindia.com\/blog\/presumptive-taxation-section-44ad-44ada-44ae\/\">Taxation<\/a><a href=\"https:\/\/carajput.com\/blog\/relevant-parts-of-the-honorable-fm-press-conference\/\"> Relaxation to MSMS<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Highlights_of_International_Taxation\"><\/span><a href=\"https:\/\/carajput.com\/blog\/international-taxation\/\">Highlights of International Taxation<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4 style=\"text-align: justify;\"><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>PROFESSIONAL UPDATE JANUARY 12, 2016 ASSESSMENTS U\/S 153A PURSUANT TO SEARCH PROCEEDINGS ARE LIMITED TO INCRIMINATING MATERIAL UNEARTHED DURING THE COURSE OF SUCH SEARCH:- CIT vs. Kabul Chawla (Delhi High Court)\u00a0 Fact :- Whether the assessment u\/s 153A of the act pursuant to search operations for the years which stood assessed earlier is de-novo. Whether &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[5576],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/1636"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=1636"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/1636\/revisions"}],"predecessor-version":[{"id":20083,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/1636\/revisions\/20083"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=1636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=1636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=1636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}