https://www.taxtmi.com/highlights?id=71350 Validity of the assessment order passed u/s 147 r.w.s. 143(3) - post search assessment - in the case on hand the pending reassessment proceedings u/s 147 got abated by virtue of 2nd proviso to section 153A(1) - once the reassessment proceedings initiated vide notice u/s 148 stood abated by virtue of search and seizure action u/s 132(1) carried out then the reassessment order passed by the AO u/s 147 r.w.s. 143(3) is illegal and void-ab-initio and liable to be quashed. - AT en-us Mon, 07 Aug 2023 08:13:37 +0530 Mon, 07 Aug 2023 14:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71350 Validity of the assessment order passed u/s 147 r.w.s. 143(3) - post search assessment - in the case on hand the pending reassessment proceedings u/s 147 got abated by virtue of 2nd proviso to section 153A(1) - once the reassessment proceedings initiated vide notice u/s 148 stood abated by virtue of search and seizure action u/s 132(1) carried out then the reassessment order passed by the AO u/s 147 r.w.s. 143(3) is illegal and void-ab-initio and liable to be quashed. - AT Highlights Income Tax Mon, 07 Aug 2023 08:13:37 +0530 https://www.taxtmi.com/highlights?id=71350