Assessment order passed u/s 143(3) by issuing notice u/s 143(2) ...

Assessment order invalid, notice u/s 153C mandatory post-search. 6-year period from seizure date. Assessee's grounds allowed.

July 23, 2024

Case Laws Income Tax AT

Assessment order passed u/s 143(3) by issuing notice u/s 143(2) quashed as invalid. Assessment for relevant assessment year should have been carried out by issuing notice u/s 153C in case of search. Six-year period for initiating proceedings u/s 153C reckoned from date of recording satisfaction regarding possession of seized documents. Additional grounds raised by assessee allowed.

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Assessment order passed u/s 143(3) by issuing notice u/s 143(2) ...

Assessment order invalid, notice u/s 153C mandatory post-search. 6-year period from seizure date. Assessee's grounds allowed.

July 23, 2024

Case Laws Income Tax AT

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