https://www.taxtmi.com/caselaws?id=351709 The Tribunal upheld the Pr. CIT's order under section 263, affirming the validity of re-assessment under section 147. It was determined that the AO's failure to adequately examine seized material and verify transactions rendered the assessment erroneous. The Tribunal rejected arguments regarding jurisdictional authority, application of sections 153C and 147, and service of notice under section 143(2). The appeal was dismissed, sustaining the order under section 263 and validating the re-assessment proceedings under section 147. en-us Wed, 25 Oct 2017 00:00:00 +0530 Thu, 30 Nov 2017 08:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351709 The Tribunal upheld the Pr. CIT's order under section 263, affirming the validity of re-assessment under section 147. It was determined that the AO's failure to adequately examine seized material and verify transactions rendered the assessment erroneous. The Tribunal rejected arguments regarding jurisdictional authority, application of sections 153C and 147, and service of notice under section 143(2). The appeal was dismissed, sustaining the order under section 263 and validating the re-assessment proceedings under section 147. Case-Laws Income Tax Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351709