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ITAT Chandigarh Quashes Assessment for Non-Compliance with Section 153C Procedure
Case Law Details
- Case Name
- Amico Textiles Vs DCIT (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Chandigarh
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Amico Textiles Vs DCIT (ITAT Chandigarh)
Income Tax Appellate Tribunal (ITAT) Chandigarh has quashed an addition of ₹46.87 Lakhs made against Amico Textiles for Assessment Year 2013-14, ruling that the Assessing Officer (AO) bypassed the mandatory procedure under Section 153C of the Income-tax Act, 1961. The addition was based on documents seized from a partner of the firm during a search operation, but the assessment was incorrectly framed under Section 147 read with Section 153A.
Background of the Dispute:
The case originated from a search and seizure operation conducted on September 4, 20...
