https://www.taxtmi.com/caselaws?id=171337 The assessment under section 158BC for the appellant firm was declared void ab initio and quashed as the search was conducted on specific individuals, not the firm. The assessment under section 158BD for an individual was directed to be completed under section 158BC, following the decision in CIT vs. Lekshmi Traders. The tribunal ruled that mentioning the correct section in the assessment order is not crucial if the notice complies with the relevant procedures. The Revenue's appeals were allowed for statistical purposes, and the cases were remanded for further adjudication. en-us Fri, 24 Aug 2012 00:00:00 +0530 Thu, 16 Jul 2015 14:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171337 The assessment under section 158BC for the appellant firm was declared void ab initio and quashed as the search was conducted on specific individuals, not the firm. The assessment under section 158BD for an individual was directed to be completed under section 158BC, following the decision in CIT vs. Lekshmi Traders. The tribunal ruled that mentioning the correct section in the assessment order is not crucial if the notice complies with the relevant procedures. The Revenue's appeals were allowed for statistical purposes, and the cases were remanded for further adjudication. Case-Laws Income Tax Fri, 24 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171337