https://www.taxtmi.com/caselaws?id=279785 The Tribunal held that the Assessing Officer erred in invoking Section 147 instead of Section 153C for assessment following a search and seizure action. The assessment order under Section 143(3) read with Section 147 was deemed void, and the assessee's appeals were allowed. The Tribunal's decision on jurisdiction rendered moot the issues of treating proceeds from share transfers as unexplained money and assessment under Section 69C. The orders passed by the AO for both assessment years were set aside, with the decision pronounced on March 16, 2018. en-us Fri, 16 Mar 2018 00:00:00 +0530 Fri, 05 Apr 2019 09:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279785 The Tribunal held that the Assessing Officer erred in invoking Section 147 instead of Section 153C for assessment following a search and seizure action. The assessment order under Section 143(3) read with Section 147 was deemed void, and the assessee's appeals were allowed. The Tribunal's decision on jurisdiction rendered moot the issues of treating proceeds from share transfers as unexplained money and assessment under Section 69C. The orders passed by the AO for both assessment years were set aside, with the decision pronounced on March 16, 2018. Case-Laws Income Tax Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279785