Wrong Route Chosen: Section 147 Fails Where 153C Alone Applies

DCIT Vs D. K. Shivakumar (ITAT Bangalore) Search Material Means 153C, Not 148: Bangalore ITAT Backs Assessee- When Seized Documents Exist, Reassessment u/s 147 Is Jurisdictionally Void-  Bangalore ITAT “B” Bench, in DCIT Vs Shri D.K. Shivakumar (ITA Nos. 45, 46, 47 & 48/Bang/2020 for AYs 2007-08 to 2010-11 & ITA No. 205/Bang/2022 for AY 2006-07; order dated 31.01.2025), upheld the orders of CIT(A) quashing reassessments initiated u/s 147/148 where incriminating material was found during search proceedings of third parties. Searches u/s 132 were conducted in the cases of Davanam Gr...