The CBDT issued Instruction No. 1 of 2023 on August 23, 2023, directing Assessing Officers to implement the judgment of the Hon’ble Supreme Court in the case of Pr.CIT (Central-3) v/s Abhisar Buildwell Pvt. Ltd. (Civil Appeal No. 6580 of 2021). The Supreme Court’s ruling specifically addresses the scope and application of sections 153A and 153C of the Income-tax Act.
The Complete Instructions can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/CBDT-issued-Instruction-No.-1-of-2023-on-August-23-2023.pdf