https://www.taxtmi.com/caselaws?id=177757 The Tribunal upheld the CIT(A)'s decision to quash the assessment u/s. 153C of the Income Tax Act, 1961 for the assessment year 2005-06. The Assessing Officer challenged this decision, arguing that the seized documents did not belong to the assessee. The Tribunal emphasized that for section 153C to apply, the documents seized must unequivocally belong to the person being assessed. It differentiated between sections 158BD and 153C, highlighting that the latter pertains to documents of a person other than the one under search. The Tribunal rejected the AO's appeal, affirming that the seized documents must belong to the assessee for section 153C to be applicable. en-us Fri, 31 Aug 2012 00:00:00 +0530 Mon, 18 Jan 2016 13:15:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177757 The Tribunal upheld the CIT(A)'s decision to quash the assessment u/s. 153C of the Income Tax Act, 1961 for the assessment year 2005-06. The Assessing Officer challenged this decision, arguing that the seized documents did not belong to the assessee. The Tribunal emphasized that for section 153C to apply, the documents seized must unequivocally belong to the person being assessed. It differentiated between sections 158BD and 153C, highlighting that the latter pertains to documents of a person other than the one under search. The Tribunal rejected the AO's appeal, affirming that the seized documents must belong to the assessee for section 153C to be applicable. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177757