https://www.taxtmi.com/caselaws?id=788478 Where the Assessing Officer has already assumed jurisdiction under section 153C and proceeded for the relevant assessment years, later recourse to sections 147/148 is impermissible because the Act does not contemplate parallel assessment proceedings; the reassessment is therefore invalid. On the deletion of the addition under section 69C, the challenge failed because the cited High Court decision was treated as not having clear finality, and the Revenue's reliance on it was considered misconceived. Since the reassessment itself was held bad in law, the merits of the addition became academic and were not separately adjudicated. en-us Tue, 17 Mar 2026 00:00:00 +0530 Mon, 23 Mar 2026 08:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788478 Where the Assessing Officer has already assumed jurisdiction under section 153C and proceeded for the relevant assessment years, later recourse to sections 147/148 is impermissible because the Act does not contemplate parallel assessment proceedings; the reassessment is therefore invalid. On the deletion of the addition under section 69C, the challenge failed because the cited High Court decision was treated as not having clear finality, and the Revenue's reliance on it was considered misconceived. Since the reassessment itself was held bad in law, the merits of the addition became academic and were not separately adjudicated. Case-Laws Income Tax Tue, 17 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788478