https://www.taxtmi.com/caselaws?id=469944 Where proposed income-tax assessment is based on incriminating material seized in the search of a third party, the special procedure under Section 153C applies and overrides reassessment under Sections 147 and 148. The text states that, on these facts, the reassessment route was the wrong statutory mechanism because the material related to a third-party search and indicated cash transactions involving the assessee. The appellate annulment was therefore sustained, and the reassessment was treated as invalid. en-us Fri, 06 Mar 2026 00:00:00 +0530 Thu, 09 Jul 2026 20:20:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469944 Where proposed income-tax assessment is based on incriminating material seized in the search of a third party, the special procedure under Section 153C applies and overrides reassessment under Sections 147 and 148. The text states that, on these facts, the reassessment route was the wrong statutory mechanism because the material related to a third-party search and indicated cash transactions involving the assessee. The appellate annulment was therefore sustained, and the reassessment was treated as invalid. Case-Laws Income Tax Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469944