https://www.taxtmi.com/caselaws?id=278490 The Tribunal upheld the CIT(A)'s decision, ruling that reassessment proceedings under Section 147 were invalid and should have been conducted under Section 153C. The Tribunal emphasized the precedence of Section 153C in cases involving documents seized during searches of third parties, dismissing the Revenue's appeals. It highlighted the non-obstante clause in Section 153C, distinguishing it from the previous Section 158BD. This distinction supported the CIT(A)'s approach and the Tribunal's agreement with it, ultimately leading to the cancellation of the assessment order. en-us Wed, 21 Feb 2018 00:00:00 +0530 Thu, 07 Feb 2019 10:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278490 The Tribunal upheld the CIT(A)'s decision, ruling that reassessment proceedings under Section 147 were invalid and should have been conducted under Section 153C. The Tribunal emphasized the precedence of Section 153C in cases involving documents seized during searches of third parties, dismissing the Revenue's appeals. It highlighted the non-obstante clause in Section 153C, distinguishing it from the previous Section 158BD. This distinction supported the CIT(A)'s approach and the Tribunal's agreement with it, ultimately leading to the cancellation of the assessment order. Case-Laws Income Tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278490