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2023 (5) TMI 373 - SCH - Income TaxAssessment u/s 153C - As found by the High Court [2018 (5) TMI 2115 - DELHI HIGH COURT] in none of the cases any incriminating material was found during the search either from the Assessee or from third party - HELD THAT:- As no incriminating material was found in case of any of the Assessees either from the Assessee or from the third party and the assessments were under Section 153-C of the Act, the High Court has rightly set aside the Assessment Order(s). Therefore, the impugned judgment and order(s) passed by the High Court do not require any interference by this Court. Hence, all these appeals deserve to the dismissed and are accordingly dismissed. Prayer made on behalf of the Revenue to permit them to initiate the re-assessment proceedings is concerned, it is observed that it will be open for the Revenue to initiate the re-assessment proceedings in accordance with law and if it is permissible under the law.
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