https://www.taxtmi.com/caselaws?id=346424 The ITAT Delhi quashed the reassessment proceedings for AY 2007-08 due to the incorrect application of sec. 147 instead of sec. 153C. The appeals were allowed based on the primary issue of incorrect legal provisions applied, rendering other grounds moot. The judgment emphasized the importance of correctly applying relevant sections of the Income Tax Act to ensure the validity of assessment proceedings. en-us Tue, 08 Aug 2017 00:00:00 +0530 Fri, 11 Aug 2017 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346424 The ITAT Delhi quashed the reassessment proceedings for AY 2007-08 due to the incorrect application of sec. 147 instead of sec. 153C. The appeals were allowed based on the primary issue of incorrect legal provisions applied, rendering other grounds moot. The judgment emphasized the importance of correctly applying relevant sections of the Income Tax Act to ensure the validity of assessment proceedings. Case-Laws Income Tax Tue, 08 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346424