https://www.taxtmi.com/caselaws?id=461269 ITAT Pune dismissed Revenue's appeal regarding validity of reassessment proceedings under section 147 versus section 153A. The tribunal held that since documents were seized from third party premises containing assessee's information, section 153C provisions applied rather than section 147 reassessment. Additionally, the tribunal upheld deletion of addition made under section 69A, ruling that mere statement recorded under section 132(4) without corroborative evidence was insufficient for addition, as presumption under section 132(4A) applies only to person from whom documents are seized, not third parties. en-us Mon, 19 Aug 2024 00:00:00 +0530 Tue, 25 Mar 2025 20:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461269 ITAT Pune dismissed Revenue's appeal regarding validity of reassessment proceedings under section 147 versus section 153A. The tribunal held that since documents were seized from third party premises containing assessee's information, section 153C provisions applied rather than section 147 reassessment. Additionally, the tribunal upheld deletion of addition made under section 69A, ruling that mere statement recorded under section 132(4) without corroborative evidence was insufficient for addition, as presumption under section 132(4A) applies only to person from whom documents are seized, not third parties. Case-Laws Income Tax Mon, 19 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461269