2014 (6) TMI 995

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..... nd admitted against the order of the learned Tribunal dated 13.12.2013 on the following suggested questions of law: 1. Whether the ITAT was correct in holding that the proceedings initiated u/s 153A was bad in law and whether the ITAT was correct in holding that the AO has no jurisdiction for assessing the income of the assessee? 2. Whether the ITAT was correct in observing that search assessm .....

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..... able to locate the relevant books of accounts. We fail to understand when the assessment was made on the estimated income, how there can be relevancy of books of accounts and for that matter, non-availability of the books of accounts could be a factor to exercise the jurisdiction under Section 153-C of the Income Tax Act, 1961. The learned Tribunal, on appreciation of fact, correctly concluded th .....

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