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Section 153A of the Income-tax Act, 1961 - Assessment - In Case of Search & Seizure - Assessment year 2004-05 - Issue of notice under section 143(2) is not mandatory for finalization of assessment under section 153A [In favour of revenue] There is no specific provision in the Act requiring the assessment made under section 153A to be after issue of notice under section 143(2). The words 'so far as may be' in clause (a) of sub-section (1) of section 153A cannot be interpreted that the issue of notice under section 143(2) is mandatory in case of assessment under section 153A. The use of the words 'so far as may be' cannot be stretched to the extent of mandatory issue of notice under section 143(2). A specific notice is required to be issued under clause (a) of sub-section (1) of section 153A calling upon the persons searched or requisitioned to file return. That being so, no further notice under section 143(2) can be contemplated for assessment under section 153A. CASE REVIEW CIT (Asst.)v. Hotel Blue Moon[2010] 321 ITR 362 (SC)distinguished. CASES REFERRED TO CIT v. Bhan Textiles (P.) Ltd.[2006] 287 ITR 370 (Delhi), Asstt. CIT v. Hotel Blue Moon[2010] 321 ITR 362 (SC), CIT v. Lunar Diamond Ltd.[2006] 281 ITR 1 (Delhi), CIT v.Madhya Bharat Energy Corpn. Ltd. [2011] 337 ITR 389 (Delhi), CIT v. Pawan Gupta [2009] 318 ITR 322 (Delhi), CIT v. Vardhman Estates (P.) Ltd.[2006] 287 ITR 368 (Delhi), R. Dalmia v. CIT[1999] 236 ITR 480 (SC) and Raj Kumar Chawla v. ITO [2005] 277 ITR (AT) 225 (Delhi) (SB). Ms. Shashi M. Kapila, Siddhartha Kapila and Parvesh Sharma for the Appellant. Kiran Babu for the Respondent. JUDGMENT M.L. Mehta, J. - This is an appeal under s. 260A of the IT Act (hereinafter referred to as 'the Act') directed against the order dt. 17th Sept., 2010 of the Income-tax Appellate Tribunal (hereinafter, 'the Tribunal' for short) pertaining to asst. yr. 2004-05. The following issues arise for our consideration : "(a) Whether the issue of notice under s. 143(2) of the IT Act is mandatory for finalization of assessment under s. 153A " (b) Whether the findings of the authorities below upholding addition of Rs. 10 lacs of cash seized from Mr. D.S. Rawat in the…

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