https://www.taxtmi.com/caselaws?id=462371 An assessment framed under section 143(3) was held unsustainable where the basis of addition was seized material found during search proceedings and the statute required recourse to section 153C(1). The alleged agreement and related WhatsApp chats were treated as material linking the assessee with unexplained investment, but the document was unsigned and the statutory route for search-related material involving a person other than the searched person was not followed. On that footing, the ordinary assessment could not stand and was quashed in favour of the assessee. en-us Fri, 21 Mar 2025 00:00:00 +0530 Mon, 16 Jun 2025 11:41:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462371 An assessment framed under section 143(3) was held unsustainable where the basis of addition was seized material found during search proceedings and the statute required recourse to section 153C(1). The alleged agreement and related WhatsApp chats were treated as material linking the assessee with unexplained investment, but the document was unsigned and the statutory route for search-related material involving a person other than the searched person was not followed. On that footing, the ordinary assessment could not stand and was quashed in favour of the assessee. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462371