ITAT Quashes Section 263 Order as Search Warrant Was Not Issued in Assessee’s Name

Sanjay Jain Vs PCIT (Central)-3 (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, considered appeals against revisionary orders passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 for Assessment Years 2013-14 and 2015-16. The dispute arose from assessments framed under Section 153A following a search conducted at the assessee’s residence. The assessee contended that the assessments lacked jurisdiction because the search warrant issued under Section 132 was not in the assessee’s name, but in the names of other persons and an entity. According to the asses...