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2023 (11) TMI 809 - DELHI HIGH COURTValidity of proceedings u/s 153C - incriminating material was found against assessee or not? - HELD THAT:- As no incriminating material was found, the proceedings taken out against the assessees u/s 153C of the Act were not valid in the eyes of law, was the correct view. We may note that the Tribunal in this behalf relied upon the judgment rendered in PCIT v. Kabul Chawla, [2015 (9) TMI 80 - DELHI HIGH COURT]. The said judgment has been affirmed by the Supreme Court in Principal Commissioner of Income Tax vs. Abhisar Buildwell Pvt. Ltd., [2023 (4) TMI 1056 - SUPREME COURT]. Question of law as framed have to be answered against the appellant/revenue and in favour of the respondents/assessee.
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