https://www.taxtmi.com/caselaws?id=255909 The Tribunal held that the proceedings under Section 153C of the Income Tax Act were invalid as the incriminating material did not pertain to the assessee. It emphasized the need for genuine and objective satisfaction for such proceedings and allowed the assessee's cross-appeals for statistical purposes. Additionally, it affirmed that proceedings under Section 147 could be initiated based on information in seized documents. The Tribunal dismissed the Revenue's appeals for multiple assessment years, protecting the assessee's rights for future objections in assessment proceedings. en-us Wed, 21 Jan 2015 00:00:00 +0530 Fri, 30 Jan 2015 08:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255909 The Tribunal held that the proceedings under Section 153C of the Income Tax Act were invalid as the incriminating material did not pertain to the assessee. It emphasized the need for genuine and objective satisfaction for such proceedings and allowed the assessee's cross-appeals for statistical purposes. Additionally, it affirmed that proceedings under Section 147 could be initiated based on information in seized documents. The Tribunal dismissed the Revenue's appeals for multiple assessment years, protecting the assessee's rights for future objections in assessment proceedings. Case-Laws Income Tax Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255909