https://www.taxtmi.com/highlights?id=61519 Reopening of assessment u/s 147 v/s assessment u/s 153C - proceedings initiated u/s 132 - The correct course of reassessment is under section 153C not under section 147 of the Act. The Assessing Officer has no options to choose the proceedings except following the due procedure laid down in the Act particularly in the case of search, in which clear procedures are laid down by the legislature. Therefore, Assessing Officer has no jurisdiction to initiate proceedings under section 147/148 in the case of proceedings initiated under section 132 of the Act - AT en-us Wed, 19 Jan 2022 13:10:29 +0530 Wed, 19 Jan 2022 13:10:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61519 Reopening of assessment u/s 147 v/s assessment u/s 153C - proceedings initiated u/s 132 - The correct course of reassessment is under section 153C not under section 147 of the Act. The Assessing Officer has no options to choose the proceedings except following the due procedure laid down in the Act particularly in the case of search, in which clear procedures are laid down by the legislature. Therefore, Assessing Officer has no jurisdiction to initiate proceedings under section 147/148 in the case of proceedings initiated under section 132 of the Act - AT Highlights Income Tax Wed, 19 Jan 2022 13:10:29 +0530 https://www.taxtmi.com/highlights?id=61519