https://www.taxtmi.com/caselaws?id=176270 The High Court dismissed the Revenue's appeals, primarily focusing on the ownership of the seized documents and the applicability of section 153C of the Income Tax Act, 1961. The court emphasized the necessity for the documents seized to unequivocally belong to the assessee for section 153C to be invoked. As the Assessing Officer failed to establish ownership of the seized documents by the assessee, the court concluded that the foundational requirement for initiating proceedings under section 153C was absent, leading to the dismissal of the appeals. en-us Wed, 27 Apr 2011 00:00:00 +0530 Mon, 21 Aug 2023 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176270 The High Court dismissed the Revenue's appeals, primarily focusing on the ownership of the seized documents and the applicability of section 153C of the Income Tax Act, 1961. The court emphasized the necessity for the documents seized to unequivocally belong to the assessee for section 153C to be invoked. As the Assessing Officer failed to establish ownership of the seized documents by the assessee, the court concluded that the foundational requirement for initiating proceedings under section 153C was absent, leading to the dismissal of the appeals. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176270