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2015 (6) TMI 477 - AT - Income TaxValidity of assessment under section 153C - CIT(A) came to hold that since the documents seized did not belong to the assessee or relate to the assessment year under consideration, the AO was not justified in initiating the proceedings u/s 153C r.w.s. 153 - Held that:- It is noticed that the documents found from the persons searched, do belong to the assessee. As such, there can be no question of lack of jurisdiction of the AO to initiate assessment of the assessee u/s 153C read with section 153A of the Act for the instant year, which is one of the six assessment years immediately preceding the assessment year relevant to the previous year in which search was conducted. In view of the foregoing discussion, we are of the considered opinion that the ld. CIT(A) was not justified in annulling the proceedings due to the absence of any books of account or documents for the current year found from the persons searched, belonging to the assessee for the assessment year under consideration. - Decided in favour of revenue.
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