https://www.taxtmi.com/caselaws?id=176484 The Tribunal upheld the ld. CIT(A)'s decision, emphasizing that proceedings under section 153C were invalid as the appellant was the principal search party, making section 153A applicable. It was noted that no fresh material justified invoking section 153C, rendering the assessments time-barred. The correct interpretation of sections 153A and 153C, determination of the limitation period, and annulment of assessments based on procedural errors were pivotal in the case outcome. The Tribunal dismissed Revenue's appeals and upheld the annulment, rendering cross objections moot. Compliance with statutory provisions in assessments under the Income-tax Act was underscored. en-us Tue, 20 May 2014 00:00:00 +0530 Wed, 23 Dec 2015 21:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176484 The Tribunal upheld the ld. CIT(A)'s decision, emphasizing that proceedings under section 153C were invalid as the appellant was the principal search party, making section 153A applicable. It was noted that no fresh material justified invoking section 153C, rendering the assessments time-barred. The correct interpretation of sections 153A and 153C, determination of the limitation period, and annulment of assessments based on procedural errors were pivotal in the case outcome. The Tribunal dismissed Revenue's appeals and upheld the annulment, rendering cross objections moot. Compliance with statutory provisions in assessments under the Income-tax Act was underscored. Case-Laws Income Tax Tue, 20 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176484