Assessment to be made u/s 153C instead of u/s 147 in case of Search assessment

Samanthapudi Lavanya Vs ACIT (ITAT Visakhapatnam) Conclusion: Since no fresh information was collected by AO or no information had come to the notice of AO in normal course, other than the information collected during the course of search from searched person therefore, as provided under sections 153A and 153C, search assessments was required to be made under section 153A or section 153C, but not under section 147. Held:  The issue arose for consideration was whether AO was right making the assessments u/s 147 instead of invoking the jurisdiction u/s 153C. In the instant case, AO issued noti...