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2016 (1) TMI 640 - AT - Income TaxValidity of assessment u/s 153C - Held that:- No satisfaction in terms of section 153C of the Act were recorded by the Assessing Officer of the searched person u/s 132 of the Act to reach to a conclusion that the contents in the seized documents belongs to the assesses (i.e a person other than the searched person) and accordingly, we hold that the search assessments framed u/s 153C read with section 143(3) of the Act on the assesses herein are declared illegal and void abinitio. Since the appeals of the assessee are allowed on assumption of jurisdiction , we refrain to give our findings on the merits of the issue. - Decided in favour of assessee.
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