https://www.taxtmi.com/caselaws?id=366669 The Court partly allowed the assessee's Cross-objection and dismissed the Department's appeal regarding the assessment under section 143(3) for A.Y. 2007-08. The assessment was annulled due to lack of information available to the AO at the time of recording reasons. The Court emphasized the importance of accurate information in tax assessments. Additionally, the Court deleted additions made under sections 69C and for payment of regular fee, highlighting the need for proper consideration of all relevant payment details. The Court quashed the reasons recorded under section 147, finding the AO erred in invoking the provision instead of section 153C. en-us Fri, 31 Aug 2018 00:00:00 +0530 Sat, 08 Sep 2018 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366669 The Court partly allowed the assessee's Cross-objection and dismissed the Department's appeal regarding the assessment under section 143(3) for A.Y. 2007-08. The assessment was annulled due to lack of information available to the AO at the time of recording reasons. The Court emphasized the importance of accurate information in tax assessments. Additionally, the Court deleted additions made under sections 69C and for payment of regular fee, highlighting the need for proper consideration of all relevant payment details. The Court quashed the reasons recorded under section 147, finding the AO erred in invoking the provision instead of section 153C. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366669