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2016 (10) TMI 160 - AT - Income TaxAssessment u/s 153A - absence of satisfaction note - Held that:- Entries in the name of the assessee as contained in the books of accounts of Sh. B.M. Gupta, are not the books of accounts of the assessee and, therefore, the books of accounts does not belong to the assessee and, thus we approve the action taken by the learned Commissioner of Income-tax (Appeals) in annulling the assessment. The documents on the basis of which proceedings under section 153C of the Act had been initiated, did not belong to the assessee. - Decided in favour of assessee
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