Assessment Quashed for Using Section 143(3) After Search Proceedings Began

DCIT Vs E-Homes Infrastructure Pvt. Ltd. (ITAT Delhi) Wrong Section Applied Post-Search: ITAT Upholds Quashing of AY 2021-22 Assessment Framed Under 143(3) Instead of 153C The Delhi Bench “B” of the ITAT, in DCIT v. E-Homes Infrastructure Pvt. Ltd. (AY 2021-22), dismissed the Revenue’s appeal and upheld the CIT(A)’s order quashing the assessment, holding that once proceedings under section 153C are triggered, the AO cannot frame a regular assessment under section 143(3). The case arose from a search on the Hans Group on 06.01.2021, during which digital data seized from a third party (P...