Assessment u/s 147 based on seized material found during search of third party void ab-initio
April 25, 2024
Income Tax, ITAT
Assessment u/s 147 on the basis of seized material found during search of third party void ab-initio – ITAT In a recent judgment, ITAT has quashed the re-assessment order passed u/s 147 holding that when incriminating material is seized belonging to person other than searched, assessment has to …