https://www.taxtmi.com/caselaws?id=782746 The ITAT Pune held that reassessment proceedings initiated u/s 147 were invalid where the basis for reopening was information unearthed during a search u/s 132 conducted at the premises of a third party. It ruled that, in such circumstances, the proper statutory route was u/s 153C, not u/s 147. As the AO had admittedly relied on search material from the third party to reopen the assessment, the initiation of proceedings u/s 147 was found to be contrary to law. The reassessment was quashed, and relief granted to the assessee. en-us Wed, 12 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 14:37:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782746 The ITAT Pune held that reassessment proceedings initiated u/s 147 were invalid where the basis for reopening was information unearthed during a search u/s 132 conducted at the premises of a third party. It ruled that, in such circumstances, the proper statutory route was u/s 153C, not u/s 147. As the AO had admittedly relied on search material from the third party to reopen the assessment, the initiation of proceedings u/s 147 was found to be contrary to law. The reassessment was quashed, and relief granted to the assessee. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782746