https://www.taxtmi.com/caselaws?id=394382 The Tribunal invalidated the notice issued under Section 148 of the Income Tax Act, ruling that the reassessment proceedings should have been conducted under Section 153C due to material found during a search of a third party. The Tribunal emphasized the jurisdictional requirements under Section 153C and deemed the additions made based on third-party material unjustified, as proper verification procedures were not followed. Additionally, the Tribunal admitted additional grounds of appeal challenging the assessment proceedings and concluded that the additions made under Section 68 were unwarranted, ultimately allowing the appeal and deleting all additions. en-us Wed, 22 Jan 2020 00:00:00 +0530 Thu, 09 Apr 2020 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394382 The Tribunal invalidated the notice issued under Section 148 of the Income Tax Act, ruling that the reassessment proceedings should have been conducted under Section 153C due to material found during a search of a third party. The Tribunal emphasized the jurisdictional requirements under Section 153C and deemed the additions made based on third-party material unjustified, as proper verification procedures were not followed. Additionally, the Tribunal admitted additional grounds of appeal challenging the assessment proceedings and concluded that the additions made under Section 68 were unwarranted, ultimately allowing the appeal and deleting all additions. Case-Laws Income Tax Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394382