JCIT, JHANDEWALAN vs RNT METALS PRIVATE LIMITED

1. Whether an assessment order passed u/s 143(3) is valid when a search u/s 132 was initiated on or after 01.04.2021 in the assessee's case and no notice u/s 148/148B was issued? --- Held: No; the assessment is invalid and liable to be quashed. 2. Whether pending scrutiny proceedings under s.143(3) can validly continue after a search u/s 132, instead of initiating reassessment proceedings under s.147/148? --- Held: No. 3. Whether the Revenue's appeal survives after the assessee's cross-objection is allowed and the assessment is quashed? --- Held: No; it becomes infructuous and is dismissed.