Ess Kay Laminations vs Deputy Commissioner of Income Tax

Parties Involved

Facts Summary

Ess Kay Laminations, an assessee, filed an appeal against the Commissioner of Income Tax (Appeals) order dated 31.12.2025, which involved proceedings under section 143(3) of the Income-tax Act, 1961. The assessee argued that the Assessing Officer could not have proceeded with a regular assessment after a section 132 search action was conducted on 04.01.2024. The Revenue argued that there was no bar for the Assessing Officer to take revenue to section 148/147 proceedings after a section 132 search action. The Tribunal found merit in the assessee's argument and quashed the impugned section 143(3) regular assessment.…

Legal Issues

• 1. Validity of the section 143(3) regular assessment framed on 26.03.2025
• 2. Estimation of the assessee's gross profit rate

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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