https://www.taxtmi.com/caselaws?id=424700 The Tribunal ruled in favor of the Assessee in an appeal challenging the assessment order passed under section 143(3) of the Income-tax Act for the assessment year 2014-15. The Tribunal held that the assessment should have been made under section 153C due to a search operation, deeming the section 143(3) order incorrect. It declared the assessment order void ab initio, quashed it, and allowed the appeal. Additionally, the Tribunal interpreted the time limit for reopening assessments under section 153C based on the date of satisfaction note, finding certain assessments beyond the six-year limitation period and void. en-us Wed, 25 May 2022 00:00:00 +0530 Thu, 07 Jul 2022 09:04:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424700 The Tribunal ruled in favor of the Assessee in an appeal challenging the assessment order passed under section 143(3) of the Income-tax Act for the assessment year 2014-15. The Tribunal held that the assessment should have been made under section 153C due to a search operation, deeming the section 143(3) order incorrect. It declared the assessment order void ab initio, quashed it, and allowed the appeal. Additionally, the Tribunal interpreted the time limit for reopening assessments under section 153C based on the date of satisfaction note, finding certain assessments beyond the six-year limitation period and void. Case-Laws Income Tax Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424700