2014 (7) TMI 94

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..... ta, Sr. Counsel with Ms Padma Divakar i/b Mr V.A. Bajpayee For the Respondent : None ORDER P. C. 1. These three appeals challenge the order passed by the Income Tax Appellate Tribunal in the case of the Assessee which is a Medical Foundation. 2. Mr Vimal Gupta, learned Senior Counsel submits that the appeals do raise substantial question of law and particularly with regard to the interpret .....

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..... rom the office cabin. There was a panchanama drawn. The statement of Shri Shinde was recorded. The loose documents and books of accounts were also seized. Shri Shinde was also examined by the Assessing officer on the basis of the finding that the entire receipts were from unidentified tenderers and were not from genuine sources, that the Assessing Officer decided to initiate proceedings under sec .....

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..... observations must be held as confined and restricted to the facts of each case. There is no general rule laid down, save and except, outlining the seriousness of the proceedings. In the present case as well, the Tribunal has found from factual material including satisfaction note that there was no justification for proceeding under section 153C of the Act. The seizure of the ledger involving the A .....

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