AO Cannot Bypass Section 148B for Pre-Search Assessment Year: ITAT Chandigarh

Jamna Dass Nikkamal Jain Saraf Private Ltd. Vs DCIT (ITAT Chandigarh) Assessment Quashed: ITAT Chandigarh Rules AO Cannot Bypass Section 148B in Pre-Search Year — Mechanical Approval Invalidates Entire 143(3) Order Search & seizure u/s 132 was conducted on 24.11.2022 in the group of Jamna Dass Nikkamal Jain. Assessee, a jewellery trader, had already filed its return on 04.11.2022. The case was later centralised & assessed u/s 143(3) on 31.03.2024 with additions of about ₹10.71 crore. CIT(A) partly sustained the additions, leading to cross appeals. Before Tribunal, Assessee raised l...