Retrospective applicability of Sec 153C "2015 amendment" as held by Supreme Court

CA.Mohit Gupta | Last updated: 02 May 2023

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The Supreme Court has ruled that the 2015 amendment to Section 153C of the Income Tax Act applies retrospectively to searches conducted before June 1, 2015. This landmark decision clarifies that the amendment, which broadened the scope of what documents 'pertain to' or 'relate to' a third party, is intended to overcome restrictive interpretations previously made by the Delhi High Court. The court emphasised giving effect to the legislature's intent to address undisclosed income found during searches.

The Supreme Court on 06th April 2023 delivered a landmark verdict in case of Income Tax Officer vs Vikram Sujitkumar Bhatia and 114 connected cases( inC.A. No. 911/2022)as it ruled that searches conducted before June 1, 2015 would also come under the amendment brought by the Finance Act 2015 in Sect

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About the Author

CA.Mohit Gupta

Chartered Accountant

CA.Mohit Gupta B.Com(H),FCA,DISA ABOUT CA.MOHIT GUPTA Mr. Mohit Gupta is a Fellow Member of the Institute of Chartered Accountants of India, a commerce graduate from prestigious Ramjas College, Delhi University and an alumni of St. Xaviers School, New Delhi. He is practicing as a Chartered Accountant fo ... Read more

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