https://www.taxtmi.com/caselaws?id=795508 Search-based third-party material must be addressed under the special assessment framework of section 153C, subject to its statutory conditions, rather than through the general reassessment provisions of sections 147 and 148. The notes state that appraisal-report information and consequential investigation arose from a third-party search, while references to survey proceedings did not provide an independent reassessment basis. Inconsistent descriptions of the alleged transaction as bogus purchases and receipt of funds further indicated no independent determination of income escapement. The section 148 notice, section 148A(d) order and consequential reassessment were therefore quashed. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795508 Search-based third-party material must be addressed under the special assessment framework of section 153C, subject to its statutory conditions, rather than through the general reassessment provisions of sections 147 and 148. The notes state that appraisal-report information and consequential investigation arose from a third-party search, while references to survey proceedings did not provide an independent reassessment basis. Inconsistent descriptions of the alleged transaction as bogus purchases and receipt of funds further indicated no independent determination of income escapement. The section 148 notice, section 148A(d) order and consequential reassessment were therefore quashed. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795508