https://www.taxtmi.com/caselaws?id=461285 The ITAT Pune held that the Assessing Officer erred in reopening assessment under section 147 based on information obtained during a search at third party premises. The tribunal ruled that when assessment reopening is based on information from a search operation at another entity's premises, the proper procedure is under section 153C, not section 147. The tribunal quashed the section 147 proceedings as not in accordance with law and allowed the assessee's appeal, emphasizing the importance of following correct procedural provisions when information emerges from third-party searches. en-us Thu, 19 Sep 2024 00:00:00 +0530 Wed, 26 Mar 2025 15:47:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461285 The ITAT Pune held that the Assessing Officer erred in reopening assessment under section 147 based on information obtained during a search at third party premises. The tribunal ruled that when assessment reopening is based on information from a search operation at another entity's premises, the proper procedure is under section 153C, not section 147. The tribunal quashed the section 147 proceedings as not in accordance with law and allowed the assessee's appeal, emphasizing the importance of following correct procedural provisions when information emerges from third-party searches. Case-Laws Income Tax Thu, 19 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461285