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2016 (8) TMI 731 - AT - Income TaxValidity of proceedings u/s. 153C - Held that:- In the instant case, the AO has categorically recorded that during the course of search, the seized material relating to the assessee was found. Therefore, it cannot be said that no incriminating material was found during the course of search to initiate proceedings u/s. 153C of the Act. During the course of hearing, the ld. counsel for the assessee could not establish that there is no relevant incriminating material available before the AO on the basis of which the impugned additions on account of interest received on refund of income-tax was made. Therefore find that there was sufficient incriminating material available before the AO to initiate proceedings u/s. 153C of the Act and since the assessee has not offered the income received on interest on refund of income-tax to tax, the AO has rightly made the addition which was later on confirmed by the CIT(Appeals) - Decided against assessee.
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