Parallel Proceedings Under Section 153A and 153C Lead to Quashed Assessments

Kalpesh Kantilal Patel Vs ACIT (ITAT Ahmedabad) When 153A Becomes 153-Chaos – Parallel Proceedings & Mechanical 153D Approval- Tribunal Gives No Second Chance to Revenue These cross-appeals arose out of search action conducted on 15.10.2013 in Shayona Group, where Assessee’s premises were also covered. Tribunal examined the validity of assessments framed u/s 153A for AY 2013-14 & u/s 144/143(3) for AY 2014-15. Assessee argued that the assessments were void as mandatory notices u/s 153A & 143(2) were not properly issued, jurisdiction shifted multiple times due to successive ...