2016 (8) TMI 1131 - CALCUTTA HIGH COURT

Assessment u/s 153A - Held that:- Identical view was taken by this Bench in CIT vs. Veerprabhu Marketing Ltd. [2016 (8) TMI 813 - CALCUTTA HIGH COURT] incriminating material is a pre-requisite before power could have been exercised under section 153C read with section 153A.

Assessing Officer had no jurisdiction under Section 153A of the Income Tax Act to reopen the concluded cases when the search and seizure did not disclose any incriminating material.