https://www.taxtmi.com/caselaws?id=462627 ITAT Delhi quashed assessment order dated 29-12-22 passed under section 143(3) for AY 2021-22, ruling it was bad in law. The tribunal held that since search was conducted on third person, assessment should have been framed under section 153C, not section 143(3) after issuing notice under section 143(2). Following precedents in Raja Varshney and Mukul Rani Thakur cases, the tribunal determined the assessment was void ab-initio as proper procedure under section 153C was not followed. Assessee's appeal was allowed and impugned assessment was quashed. en-us Wed, 29 Jan 2025 00:00:00 +0530 Fri, 04 Jul 2025 19:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462627 ITAT Delhi quashed assessment order dated 29-12-22 passed under section 143(3) for AY 2021-22, ruling it was bad in law. The tribunal held that since search was conducted on third person, assessment should have been framed under section 153C, not section 143(3) after issuing notice under section 143(2). Following precedents in Raja Varshney and Mukul Rani Thakur cases, the tribunal determined the assessment was void ab-initio as proper procedure under section 153C was not followed. Assessee's appeal was allowed and impugned assessment was quashed. Case-Laws Income Tax Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462627