https://www.taxtmi.com/caselaws?id=260552 The Tribunal allowed the Revenue's appeal, overturning the CIT(A)'s decision to quash the assessment proceedings under section 153C of the Income-tax Act. It held that the Assessing Officer had the jurisdiction to initiate assessment based on documents seized, even if they did not directly relate to the current year. The Tribunal remanded the case for further consideration of legal and factual objections raised by the assessee, providing an opportunity for the assessee to be heard. The assessee's cross-objection was allowed for statistical purposes. en-us Thu, 09 Oct 2014 00:00:00 +0530 Tue, 16 Jun 2015 16:59:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260552 The Tribunal allowed the Revenue's appeal, overturning the CIT(A)'s decision to quash the assessment proceedings under section 153C of the Income-tax Act. It held that the Assessing Officer had the jurisdiction to initiate assessment based on documents seized, even if they did not directly relate to the current year. The Tribunal remanded the case for further consideration of legal and factual objections raised by the assessee, providing an opportunity for the assessee to be heard. The assessee's cross-objection was allowed for statistical purposes. Case-Laws Income Tax Thu, 09 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260552