Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (5) TMI 1006 - AT - Income TaxValidity of assessments made u/s 153C - Held that:- Since the assessment records do not contain any satisfaction note by the AO and also the whole addition was made based on the diary belonging to M/s B. Ramdas Goud, there is no evidence which directly relates to the assessee was found during the search proceedings. Therefore, we set aside the orders of CIT(A) in all the AYs under consideration and hold that the assessments framed u/s 153C of the Act rws 143(3) of the Act are void ab-initio in all the AYs under consideration. Hence, the additions made in such assessments cannot stand in the eye of law. - Decided in favour of assessee.
|