Adjournment petition dismissed, CIT(A) order set aside for applying wrong Section 153C standards to search year assessment

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....The ITAT dismissed the assessee's adjournment petition as it lacked valid reasons, following precedent that no vested right exists for adjournments. Regarding assessment proceedings, the ITAT distinguished between assessments under Section 143(3) versus Section 153C, noting that for search years, additions must comply with Section 143(3) requirements rather than Section 153C provisions. The CIT(A) erroneously applied Section 153C standards to a search year assessment and deleted additions totaling Rs. 18 crores found during search operations at another entity's premises. The ITAT set aside the CIT(A)'s order for failing to properly adjudicate on merits and remanded the matter back to CIT(A) for fresh consideration. The Revenue's appeal was allowed for statistical purposes.....