Reassessment Quashed for Using Wrong Provision Instead of Search Route

DCIT Vs Suresh Kumar Banthia (ITAT Kolkata)

ITAT Kolkata Quashes Reassessment: Section 147 Invalid Where Case Falls Under Section 153C

The Kolkata Bench of the ITAT dismissed the Revenue’s appeal and upheld the order of the CIT(A) annulling the reassessment framed under section 147 in the case of Suresh Kumar Banthia (AY 2016-17). The Tribunal held that the reassessment was

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