TMI Blog2019 (2) TMI 907X X X X Extracts X X X X X X X X Extracts X X X X ..... d person recorded satisfaction, at a time when the assessee had filed its return for the concerned year. In the circumstances, the AO upon receipt of the papers ought to have taken steps under Section 153(1) and completed the assessment in the manner known to law, in accord with the decision in RRJ Securities (supra). The AO’s failure, therefore, was correctly interfered with. The impugned orde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at various premises relating to M/s Taneja-Puri Group. In the course of search at 9, K.G. Marg, New Delhi and other premises, allegedly incriminating documents were found and seized. These included a copy of the provisional balance sheet of 30.09.2005 of the present assessee. The AO of the searched party recorded satisfaction on 04.10.2010. In the meanwhile, the assessee filed its return for the o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the noticee to furnish returns of income in respect of six assessment years relevant to the six previous years preceding the previous year in which the search is conducted. As discussed hereinbefore, by virtue of second proviso to Section 153A, the assessment/reassessment pending on the date of initiation of search abate. In the context of proceedings under Section 153C of the Act, the reference ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5. In the circumstances, the AO upon receipt of the papers ought to have taken steps under Section 153(1) and completed the assessment in the manner known to law, in accord with the decision in RRJ Securities (supra). The AO s failure, therefore, was correctly interfered with. The impugned order of the ITAT was, therefore, justifiable and apposite in the facts of this case. No substantial questio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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