https://www.taxtmi.com/caselaws?id=467871 After a valid transfer of jurisdiction under section 127(2), the earlier Assessing Officer lacked authority to issue a section 148 notice or obtain sanction, so the reassessment was void ab initio. In section 153A proceedings for completed and unabated years, additions for long-term capital gains, cash loans and notional interest required incriminating material found in the assessee's own search. Material from other searches, third-party statements and estimated inferences, without corroborative evidence in the assessee's premises, was insufficient. A retracted section 132(4) statement, standing alone, could not sustain the additions, so the disputed additions were deleted. en-us Thu, 26 Jun 2025 00:00:00 +0530 Tue, 07 Apr 2026 14:07:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467871 After a valid transfer of jurisdiction under section 127(2), the earlier Assessing Officer lacked authority to issue a section 148 notice or obtain sanction, so the reassessment was void ab initio. In section 153A proceedings for completed and unabated years, additions for long-term capital gains, cash loans and notional interest required incriminating material found in the assessee's own search. Material from other searches, third-party statements and estimated inferences, without corroborative evidence in the assessee's premises, was insufficient. A retracted section 132(4) statement, standing alone, could not sustain the additions, so the disputed additions were deleted. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467871