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Wrong Section, Wrong Assessment: Bangalore ITAT Annuls Section 143(3) Order Passed After Search
Case Law Details
- Case Name
- Prasad Shet Vs DCIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2023-24
- Courts
- All ITAT, ITAT Bangalore
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Prasad Shet Vs DCIT (ITAT Bangalore)
Wrong Section, Wrong Assessment: Bangalore ITAT Annuls Section 143(3) Order Passed After Search
The Bangalore ITAT quashed an assessment where the Assessing Officer, despite a search under section 132, proceeded to complete the assessment under section 143(3) and made an addition of ₹37.49 lakh under section 69A towards unexplained cash. The Tribunal held that once a search is conducted, the assessment years falling within the prescribed search period must be dealt with under the special reassessment mechanism of sections 147/148, after complying with t...
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