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2015 (2) TMI 1116 - AT - Income TaxAssessment u/s 153C by AO without first acquiring a valid jurisdiction - Held that:- We set aside the assessment and the consequential impugned orders on the ground of lack of proper jurisdiction of the AO We set aside the assessment and the impugned orders for the reason that the AO of the persons searched, namely, Sh. B.K. Dhingra, Smt. Poonam Dhingra & M/s Madhusudan Buildcon Pvt. Ltd. did not record any satisfaction that some money, bullion, jewellery or books of account or other documents found from these persons belonged to the assessee. The absence of such satisfaction, in our considered opinion, did not translate into conferring a valid and lawful jurisdiction to the AO of the assessee to proceed with the matter of assessment u/s 153C of the Act for all the years under consideration. - Decided in favour of assessee.
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