https://www.taxtmi.com/caselaws?id=752787 ITAT Delhi held that assessments made under Section 144 read with Section 142(1) for AY 2012-13 were void ab initio. The tribunal found that when satisfaction was recorded that seized assets/documents belonged to a person other than the searched person, proceedings should have been initiated under Section 153C of the Income Tax Act, 1961. Since Section 153C provisions were not invoked and proper proceedings were not initiated, the assessment was declared invalid from the beginning, relying on precedents from SC and Delhi HC. en-us Tue, 02 Jan 2024 00:00:00 +0530 Fri, 17 May 2024 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752787 ITAT Delhi held that assessments made under Section 144 read with Section 142(1) for AY 2012-13 were void ab initio. The tribunal found that when satisfaction was recorded that seized assets/documents belonged to a person other than the searched person, proceedings should have been initiated under Section 153C of the Income Tax Act, 1961. Since Section 153C provisions were not invoked and proper proceedings were not initiated, the assessment was declared invalid from the beginning, relying on precedents from SC and Delhi HC. Case-Laws Income Tax Tue, 02 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752787