Assessment framed u/s 144 instead of section 153C liable to be quashed

Global Paper Impex Ltd Vs DCIT (ITAT Mumbai) ITAT Mumbai held that assessment proceedings were initiated on the basis of search operation carried out at third party wherein incriminating documents relating to assessee were allegedly found. Hence, assessment was required to be framed u/s 153C read with section 153A of the Income Tax Act and not u/s 144 and hence the said proceedings are quashed. Facts- On the basis of search and seizure operation carried out in the case of Reliable Paper (I) Pvt. Ltd. and its group company, Mumbai, during the period 23.02.2010 and 20.04.2010, a notice under sec...