https://www.taxtmi.com/caselaws?id=440706 The ITAT held that the notice issued under section 153A for the Assessment Year 2017-18 was invalid, rendering the assessment order void ab initio. The assessment order framed under section 153A r.w.s. 143(3) was deemed illegal and without jurisdiction due to the incorrect invocation of section 153A. The addition of Rs. 11,00,000 on account of intercepted cash was found unjustified, leading to the deletion of the entire addition. This case underscores the importance of adhering to procedural requirements and jurisdictional aspects in tax assessments for the validity and legality of assessment orders. en-us Tue, 20 Jun 2023 00:00:00 +0530 Tue, 25 Jul 2023 08:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440706 The ITAT held that the notice issued under section 153A for the Assessment Year 2017-18 was invalid, rendering the assessment order void ab initio. The assessment order framed under section 153A r.w.s. 143(3) was deemed illegal and without jurisdiction due to the incorrect invocation of section 153A. The addition of Rs. 11,00,000 on account of intercepted cash was found unjustified, leading to the deletion of the entire addition. This case underscores the importance of adhering to procedural requirements and jurisdictional aspects in tax assessments for the validity and legality of assessment orders. Case-Laws Income Tax Tue, 20 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440706