https://www.taxtmi.com/caselaws?id=762120 The court dismissed the petition challenging the jurisdiction of the Assessing Officer under Section 148A of the Income Tax Act for Assessment Year 2015-16. The petitioner argued that proceedings should have been initiated under Section 153C due to information from a search of a different individual. However, the court held that the Assessing Officer was not barred from proceeding under Section 148A, as the conditions for invoking Section 153C were not met. The court affirmed the Assessing Officer's jurisdiction and clarified that Section 153C does not preclude reopening assessments under Sections 147/148 based on information from search proceedings. en-us Wed, 20 Nov 2024 00:00:00 +0530 Fri, 22 Nov 2024 11:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762120 The court dismissed the petition challenging the jurisdiction of the Assessing Officer under Section 148A of the Income Tax Act for Assessment Year 2015-16. The petitioner argued that proceedings should have been initiated under Section 153C due to information from a search of a different individual. However, the court held that the Assessing Officer was not barred from proceeding under Section 148A, as the conditions for invoking Section 153C were not met. The court affirmed the Assessing Officer's jurisdiction and clarified that Section 153C does not preclude reopening assessments under Sections 147/148 based on information from search proceedings. Case-Laws Income Tax Wed, 20 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762120