https://www.taxtmi.com/caselaws?id=411661 The Tribunal upheld the annulment of the reassessment initiated under section 148 of the Income Tax Act, emphasizing that the action should have been taken under section 153C instead. The Tribunal dismissed the Revenue's appeal, supporting the decision to quash the assessment order by the Commissioner of Income-tax (Appeals) due to the void ab initio reopening based on the same third-party document. The Tribunal's judgment was influenced by a similar case where section 153C was deemed applicable, leading to the dismissal of the Revenue's appeal in the present case. en-us Wed, 30 Jun 2021 00:00:00 +0530 Wed, 01 Sep 2021 08:57:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411661 The Tribunal upheld the annulment of the reassessment initiated under section 148 of the Income Tax Act, emphasizing that the action should have been taken under section 153C instead. The Tribunal dismissed the Revenue's appeal, supporting the decision to quash the assessment order by the Commissioner of Income-tax (Appeals) due to the void ab initio reopening based on the same third-party document. The Tribunal's judgment was influenced by a similar case where section 153C was deemed applicable, leading to the dismissal of the Revenue's appeal in the present case. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411661