In the course of search\u00a0 certain documents were seized. The Assessing Officer assessed the assessment under section 143 (3) of the Act\u00a0 and made addition under section 68 of the Act. On appeal there was difference of opinion amongst the members of the ITAT. The matter is referred to third member on following question of law.\u201d Whether in the facts, circumstances\u00a0 and evidences on record in both the above appeals the AO was justified in passing the assessment orders under section 143(3) instead of passing the assessment orders under section 153C of the IT Act, 1961 \u201c and also other three questions.\u00a0 The third member held that\u00a0\u00a0\u00a0 in view of the fact that search was conducted at the premises of the common director of both the assessee-companies and various documents relating to both the companies were found and seized during the pendency of the regular assessment proceedings in the case of the assessee-companies, the pending assessment proceeding stood abated by virtue of the second proviso to S. 153A read with proviso to S. 153C and, therefore, the AO was required to make the assessments under S. 153C and not under S. 143(3); consequently, the assessment order passed under s. 143(3) is invalid and bad in law.\u00a0 Other questions became infructuous\u00a0\u00a0 Third member has agreed with the view of the Judicial Member. Questions are answered in favour of assessee. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 143(3): Assessment-Search-Abatement of assessment-Documents relating to company and directors are seized-Pending assessment is abated-Assessment has to be made under section 153A or 153C-Assessment order is quashed and set a side. [S.68, 132, 153A 153C ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-52642","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dH4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=52642"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52642\/revisions"}],"predecessor-version":[{"id":52643,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52642\/revisions\/52643"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}