https://www.taxtmi.com/caselaws?id=374723 The Tribunal upheld the reassessment proceedings under Section 147 initiated by the Revenue for AY 2006-07 to 2011-12, stating that the documents seized belonged to the assessee, justifying the reassessment under Section 147. The Tribunal remitted issues regarding additions based on a Dummy Tally Account for re-examination, emphasizing the need for detailed verification. It concluded that the AO's choice to proceed under Section 147 instead of Section 153C was justified. The Tribunal acknowledged the risk of double taxation and directed a detailed examination to prevent it. The procedural validity of notices issued under Section 143(2) for AY 2011-12 was remitted for verification. en-us Thu, 31 Jan 2019 00:00:00 +0530 Fri, 08 Feb 2019 06:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374723 The Tribunal upheld the reassessment proceedings under Section 147 initiated by the Revenue for AY 2006-07 to 2011-12, stating that the documents seized belonged to the assessee, justifying the reassessment under Section 147. The Tribunal remitted issues regarding additions based on a Dummy Tally Account for re-examination, emphasizing the need for detailed verification. It concluded that the AO's choice to proceed under Section 147 instead of Section 153C was justified. The Tribunal acknowledged the risk of double taxation and directed a detailed examination to prevent it. The procedural validity of notices issued under Section 143(2) for AY 2011-12 was remitted for verification. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374723