Assessment Quashed for Missing Mandatory Section 153C Notice

White Orchid Hospitality Private Limited Vs DCIT (ITAT Delhi) No 153C Notice, No Jurisdiction: ITAT Quashes Search Assessment Based on ‘Dumb’ Agreement to Sell The Delhi Bench of the Income Tax Appellate Tribunal quashed the assessment for AY 2021-22 framed in the case of White Orchid Hospitality (P) Ltd., holding that the proceedings were void ab initio for complete lack of jurisdiction due to non-issuance of a mandatory notice under section 153C. The Tribunal noted that although a search under section 132 was conducted in October 2020 in a third party’s case, the assessee-company was m...