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2015 (10) TMI 2167 - AT - Income TaxValidity of assessment made u/s 153C - CIT(A) annulled assessment as the seized documents do not belong to the assessee?- Held that:- In the present case, documents at pages 148-149 are the ledger accounts in the books of AR Airways (P) Ltd. Therefore, proceedings u/s 153C could be initiated as the documents belonged to assessee. Therefore, ld. CIT(A) was not justified in annulling the assessment. However, if the documents did not pertain to the year under consideration, then no 153C assessment could be made. The matter is restored back to the file of AO to find out as to which year the documents belong. - Decided in favour of revenue for statistical purposes
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