https://www.taxtmi.com/caselaws?id=304161 The Tribunal found procedural and substantive errors in the assessment orders, invalidating simultaneous proceedings under Sections 153C and 143(3), determining that reassessment under Section 143(3) was not permissible, and declaring the transfer of jurisdiction void ab initio. Additionally, the seized documents were deemed non-incriminating, and the disallowance of interest expenditure was unjustified. As a result, the Tribunal quashed the assessment orders for the relevant assessment years. en-us Wed, 08 Jun 2022 00:00:00 +0530 Sat, 10 Sep 2022 07:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304161 The Tribunal found procedural and substantive errors in the assessment orders, invalidating simultaneous proceedings under Sections 153C and 143(3), determining that reassessment under Section 143(3) was not permissible, and declaring the transfer of jurisdiction void ab initio. Additionally, the seized documents were deemed non-incriminating, and the disallowance of interest expenditure was unjustified. As a result, the Tribunal quashed the assessment orders for the relevant assessment years. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304161