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2019 (10) TMI 120 - AT - Income TaxAssessment u/s 153C read with Section 143(3) - Undisclosed receipts noted on seized documents found during the course of search and seizure action under section 132 - HELD THAT:- Recording of satisfaction by the AO of the person searched is a condition precedent for the AO of the 'other person' to acquire jurisdiction. Unless such jurisdictional condition is satisfied, there can be no question of making assessment or reassessment of the 'other person.' The satisfaction in this case is not recorded by the AO of the searched party, which is a pre-condition for invoking jurisdiction u/s 153C of the Act and hence, the assessment framed under section 153C read with Section 143(3) of the Act is bad in law and hence, quashed. - Decided in favour of assessee
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