https://www.taxtmi.com/caselaws?id=330943 The court ruled in favor of the assessee regarding the scope of assessment under section 153C of the Income Tax Act, emphasizing the necessity of search material for such assessments. However, the court sided with the Revenue on the applicability of the proviso to section 143(2) and the issue of telescoping investments in unaccounted profit. The Tribunal's decisions were set aside on these matters, and the case was remitted for further proceedings. en-us Thu, 14 Jul 2016 00:00:00 +0530 Thu, 17 Nov 2016 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330943 The court ruled in favor of the assessee regarding the scope of assessment under section 153C of the Income Tax Act, emphasizing the necessity of search material for such assessments. However, the court sided with the Revenue on the applicability of the proviso to section 143(2) and the issue of telescoping investments in unaccounted profit. The Tribunal's decisions were set aside on these matters, and the case was remitted for further proceedings. Case-Laws Income Tax Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330943