https://www.taxtmi.com/caselaws?id=762045 The ITAT Delhi held that an assessment under section 143(3) was void ab-initio due to jurisdictional error. The AO incorrectly excluded AY 2021-22 from section 153C proceedings based on the search date rather than the date of receiving incriminating documents. Since the search occurred in the previous year relevant to AY 2021-22 but documents were handed over in the previous year for AY 2022-23, the assessment for AY 2021-22 fell within section 153C's ambit. The AO should have issued notice under section 153A read with 153C instead of regular assessment proceedings. The assessee's appeal was allowed. en-us Wed, 20 Nov 2024 00:00:00 +0530 Fri, 22 Nov 2024 07:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762045 The ITAT Delhi held that an assessment under section 143(3) was void ab-initio due to jurisdictional error. The AO incorrectly excluded AY 2021-22 from section 153C proceedings based on the search date rather than the date of receiving incriminating documents. Since the search occurred in the previous year relevant to AY 2021-22 but documents were handed over in the previous year for AY 2022-23, the assessment for AY 2021-22 fell within section 153C's ambit. The AO should have issued notice under section 153A read with 153C instead of regular assessment proceedings. The assessee's appeal was allowed. Case-Laws Income Tax Wed, 20 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762045