https://www.taxtmi.com/caselaws?id=298004 The Court dismissed the writ petitions challenging reassessment orders under the Income Tax Act, 1961 for assessment years 2016-17 and 2017-18. The petitioner argued for the application of Section 153C over Section 147, citing information found during search proceedings involving another entity. The Court clarified the distinction between the two sections, emphasizing the need for Assessing Officers to consider statutory conditions and practicality in choosing the appropriate section. The petitioner was granted the right to file appeals before the Commissioner of Income Tax (Appeals) within four weeks. en-us Thu, 01 Jul 2021 00:00:00 +0530 Wed, 18 Jan 2023 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298004 The Court dismissed the writ petitions challenging reassessment orders under the Income Tax Act, 1961 for assessment years 2016-17 and 2017-18. The petitioner argued for the application of Section 153C over Section 147, citing information found during search proceedings involving another entity. The Court clarified the distinction between the two sections, emphasizing the need for Assessing Officers to consider statutory conditions and practicality in choosing the appropriate section. The petitioner was granted the right to file appeals before the Commissioner of Income Tax (Appeals) within four weeks. Case-Laws Income Tax Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298004