https://www.taxtmi.com/caselaws?id=782422 ITAT Pune allowed the assessee's appeal, holding that the reassessment initiated u/s 147 based on search material relating to another person was invalid, as the proper statutory route was u/s 153C. Relying on precedent from HC and coordinate benches, ITAT held that in such circumstances the Revenue's only recourse is to proceed u/s 153C and not by issuing notice u/s 148. Consequently, as the very foundation assessment was void, the PCIT's order u/s 263 setting aside the reassessment for "proper verification" was rendered infructuous. en-us Wed, 30 Jul 2025 00:00:00 +0530 Tue, 25 Nov 2025 11:38:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782422 ITAT Pune allowed the assessee's appeal, holding that the reassessment initiated u/s 147 based on search material relating to another person was invalid, as the proper statutory route was u/s 153C. Relying on precedent from HC and coordinate benches, ITAT held that in such circumstances the Revenue's only recourse is to proceed u/s 153C and not by issuing notice u/s 148. Consequently, as the very foundation assessment was void, the PCIT's order u/s 263 setting aside the reassessment for "proper verification" was rendered infructuous. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782422