https://www.taxtmi.com/caselaws?id=369633 The Tribunal allowed the appeal, holding the reassessment order under section 148 null and void. The assessment framed by the AO was set aside as the initiation of proceedings under section 153C was deemed appropriate based on documents found during a search, not under sections 147/148. The addition of Rs. 6,65,000 for alleged "on money" against flat purchase was not adjudicated due to the nullification of the assessment. en-us Mon, 29 Oct 2018 00:00:00 +0530 Wed, 31 Oct 2018 08:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369633 The Tribunal allowed the appeal, holding the reassessment order under section 148 null and void. The assessment framed by the AO was set aside as the initiation of proceedings under section 153C was deemed appropriate based on documents found during a search, not under sections 147/148. The addition of Rs. 6,65,000 for alleged "on money" against flat purchase was not adjudicated due to the nullification of the assessment. Case-Laws Income Tax Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369633