https://www.taxtmi.com/caselaws?id=795508 Search-derived material relating to a person other than the searched party must be assessed under the special search-assessment framework of sections 153A and 153C, rather than through general reassessment under sections 147 and 148, subject to section 153C's statutory conditions. Information from an appraisal report and consequential investigation, including survey references forming part of that investigation, does not provide an independent reassessment basis. Inconsistent descriptions of the alleged transaction as bogus purchases and receipt of funds further indicate no independent determination of income escaping assessment. The section 148 notice, section 148A(d) order and consequential reassessment were 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-derived material relating to a person other than the searched party must be assessed under the special search-assessment framework of sections 153A and 153C, rather than through general reassessment under sections 147 and 148, subject to section 153C's statutory conditions. Information from an appraisal report and consequential investigation, including survey references forming part of that investigation, does not provide an independent reassessment basis. Inconsistent descriptions of the alleged transaction as bogus purchases and receipt of funds further indicate no independent determination of income escaping assessment. The section 148 notice, section 148A(d) order and consequential reassessment were quashed. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795508