Held that the additions made on the basis of the documents belonging to the assessee could not be made in the assessment framed under section 143(3) of the Act. The Assessing Officer should have invoked the provisions of section 153C of the Act which was mandatory. Order was quashed. Followed. Glitz Builders and Promoters Pvt Ltd. v. ACIT (I. T. A. No. 1751/Delhi/2013, dated January 27, 2021).(AY.2006-07, 2007-08)
Fragrance Construction Pvt. Ltd. v. ACIT (2021) 92 ITR 55 (Delhi) (Trib.)
S. 153C : Assessment-Income of any other person-Search-Based on documents seized in the course of search-Reassessment was quashed-Assessing Officer should have invoked provision of section 153C [S. 147, 148]