https://www.taxtmi.com/caselaws?id=783792 The dominant issue was the validity of an assessment framed under s. 153A r/w s. 143(3) based on material seized in a search of a third party. The ITAT held that s. 153A can be invoked only where a search is conducted on the assessee and incriminating material is found at the assessee's premises; if the AO seeks to rely on third-party search material, the proper jurisdictional provision is s. 153C. The assessment was therefore held void and quashed. On the addition under s. 69A for a gold bar found in the assessee's locker, the ITAT held the AO and CIT(A) failed to rebut the declaration and affidavit explaining the source; the addition was deleted and the appeals were allowed. en-us Fri, 14 Nov 2025 00:00:00 +0530 Tue, 23 Dec 2025 07:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783792 The dominant issue was the validity of an assessment framed under s. 153A r/w s. 143(3) based on material seized in a search of a third party. The ITAT held that s. 153A can be invoked only where a search is conducted on the assessee and incriminating material is found at the assessee's premises; if the AO seeks to rely on third-party search material, the proper jurisdictional provision is s. 153C. The assessment was therefore held void and quashed. On the addition under s. 69A for a gold bar found in the assessee's locker, the ITAT held the AO and CIT(A) failed to rebut the declaration and affidavit explaining the source; the addition was deleted and the appeals were allowed. Case-Laws Income Tax Fri, 14 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783792