https://www.taxtmi.com/caselaws?id=400727 ITAT held that s.153C could not be invoked pre-1.6.2015 where documents seized from a third party merely contained information about the assessee but did not belong to the assessee; additions not based on material seized at the assessee's premises are unsustainable (several additions deleted, one sustained where seized at assessee's premises). Prohibitory orders under s.132(3) were invalid, so time limits under s.153B expired and assessments were quashed. While search material may be used under s.147 for years beyond s.153A, statutory preconditions must be met. Reopening based on borrowed third-party information was invalid. Interest-free advances to partners were held permissible; decision favours assessee. en-us Thu, 12 Nov 2020 00:00:00 +0530 Mon, 10 Nov 2025 11:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400727 ITAT held that s.153C could not be invoked pre-1.6.2015 where documents seized from a third party merely contained information about the assessee but did not belong to the assessee; additions not based on material seized at the assessee's premises are unsustainable (several additions deleted, one sustained where seized at assessee's premises). Prohibitory orders under s.132(3) were invalid, so time limits under s.153B expired and assessments were quashed. While search material may be used under s.147 for years beyond s.153A, statutory preconditions must be met. Reopening based on borrowed third-party information was invalid. Interest-free advances to partners were held permissible; decision favours assessee. Case-Laws Income Tax Thu, 12 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400727