https://www.taxtmi.com/caselaws?id=265801 The Tribunal upheld the legality of the assessment order passed under section 147 of the Income Tax Act, stating that the initiation of proceedings was valid as the Assessing Officer had formed a belief that income had escaped assessment based on incriminating documents found during a search. The Tribunal also ruled that the proceedings under section 153C were invalid due to a search warrant issued in the name of a non-existent entity. It was held that even if the search was illegal, the incriminating material found could be used for assessment purposes. The Tribunal allowed the Revenue's appeals for statistical purposes and remanded the matter to the CIT(A) for re-adjudication on merits. en-us Wed, 10 Dec 2014 00:00:00 +0530 Fri, 16 Oct 2015 06:17:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265801 The Tribunal upheld the legality of the assessment order passed under section 147 of the Income Tax Act, stating that the initiation of proceedings was valid as the Assessing Officer had formed a belief that income had escaped assessment based on incriminating documents found during a search. The Tribunal also ruled that the proceedings under section 153C were invalid due to a search warrant issued in the name of a non-existent entity. It was held that even if the search was illegal, the incriminating material found could be used for assessment purposes. The Tribunal allowed the Revenue's appeals for statistical purposes and remanded the matter to the CIT(A) for re-adjudication on merits. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265801