https://www.taxtmi.com/caselaws?id=270848 The Tribunal ruled that the assessments framed under Section 153C of the Income Tax Act were illegal and void ab initio as the conditions precedent for invoking Section 153C were not satisfied. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction regarding the ownership of seized documents, which was found lacking in this case. Consequently, the initiation of proceedings under Section 153C was deemed unwarranted, leading to the quashing of the search assessments. The appeals of the assessee were allowed, and the Tribunal's decision was pronounced on 6.11.2015. en-us Fri, 06 Nov 2015 00:00:00 +0530 Mon, 18 Jan 2016 05:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270848 The Tribunal ruled that the assessments framed under Section 153C of the Income Tax Act were illegal and void ab initio as the conditions precedent for invoking Section 153C were not satisfied. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction regarding the ownership of seized documents, which was found lacking in this case. Consequently, the initiation of proceedings under Section 153C was deemed unwarranted, leading to the quashing of the search assessments. The appeals of the assessee were allowed, and the Tribunal's decision was pronounced on 6.11.2015. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270848