Reassessment Quashed as Wrong Provision Invoked Instead of Section 153C: ITAT Jaipur

Kulwant Singh Vs ITO (ITAT Jaipur) The appeal was filed before the Income Tax Appellate Tribunal (ITAT), Jaipur, challenging the order dated 14.02.2025 passed by the Commissioner of Income Tax (Appeals) under Section 250 of the Income Tax Act, 1961. The assessee contested the validity of reassessment proceedings initiated under Sections 147 and 148, along with additions made and other procedural grounds. The Assessing Officer (AO) had reopened the assessment based on alleged incriminating material found during a search conducted in the case of a builder. The allegation was that the assessee ha...