https://www.taxtmi.com/caselaws?id=768081 The Tribunal quashed the assessments under Section 143(3) of the Income-tax Act, 1961, ruling them invalid as they should have been framed under Section 153C due to the nature of the seized evidence during a search operation. The Tribunal determined that the correct procedure was not followed, thus rendering the assessments unsustainable. Additionally, the Tribunal admitted the assessee's additional grounds, emphasizing the necessity of addressing all relevant facts to determine the correct tax liability, despite the Revenue's objections to the timing of these submissions. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 31 Mar 2025 08:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768081 The Tribunal quashed the assessments under Section 143(3) of the Income-tax Act, 1961, ruling them invalid as they should have been framed under Section 153C due to the nature of the seized evidence during a search operation. The Tribunal determined that the correct procedure was not followed, thus rendering the assessments unsustainable. Additionally, the Tribunal admitted the assessee's additional grounds, emphasizing the necessity of addressing all relevant facts to determine the correct tax liability, despite the Revenue's objections to the timing of these submissions. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768081