Section 153A Mandated When Assessee’s Premises Are Searched

DCIT Vs Arun Kumar Pillai (ITAT Bangalore) 153C Notice Invalid When Assessee Himself Is Searched — Bangalore ITAT Dismisses Revenue Appeal in Agnus Group Case The Bangalore ITAT (A Bench) dismissed the Revenue’s appeal for AY 2018-19 and upheld the NFAC–CIT(A)’s order quashing the assessment, holding that when the assessee’s own premises are covered under a search u/s 132, proceedings must be initiated u/s 153A and not u/s 153C. The Tribunal noted that the residence of Shri Arun Kumar Pillai, a key stakeholder of the Agnus Group, was also subjected to search, as evidenced by panchana...