https://www.taxtmi.com/highlights?id=51266 Loan agreement was found during the course of search in the case of another person, which is handed-over to the A.O. of the assessee and addition is made only on that basis. Therefore, there was no justification for the A.O. to have been initiated proceedings u/s 147/148 - The correct course of action would have been to proceed against the assessee u/s 153C. en-us Thu, 16 Jan 2020 19:25:57 +0530 Thu, 16 Jan 2020 19:25:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51266 Loan agreement was found during the course of search in the case of another person, which is handed-over to the A.O. of the assessee and addition is made only on that basis. Therefore, there was no justification for the A.O. to have been initiated proceedings u/s 147/148 - The correct course of action would have been to proceed against the assessee u/s 153C. Highlights Income Tax Thu, 16 Jan 2020 19:25:57 +0530 https://www.taxtmi.com/highlights?id=51266