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2014 (2) TMI 260 - AT - Income TaxAnnulment of assessment u/s 153C of the Act – Interpretation of section 153A/153C of the Act - Assessment of income of any other person – Held that:- The documents recovered during the search and seizure operation were not discussed by the Assessing Officer or Ld CIT(A) regarding its nature and belongingness - section 153C is triggered when the documents or any money or bullion belonging to another person is recovered from the premises of person searched and assessment has to be made as per the provisions of the section 153A of the Act - The Assessing Officer has referred to a number of documents which were recovered during search and seizure operations but has not mentioned the nature of documents - The CIT(A) has cancelled the assessments holding that documents did not belong to assessee – thus, the action of CIT(A) in annulling the assessments is not correct and is not as per law – orders of the CIT(A) set aside and the matter remitted back to the CIT(A) for re-adjudication – Decided in favour of Revenue.
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