https://www.taxtmi.com/caselaws?id=180286 The Tribunal held that assessments under section 153C could only be initiated if undisclosed income material was found during the search. Assessments for years without such material were deemed null. The satisfaction note, conditions under section 153C, and initiation of proceedings for relevant years were not met. Various additions were upheld, but some deletions were made based on lack of evidence or acceptable explanations. Interest charges were considered consequential. Penalty proceedings under section 271(1)(c) were deemed premature and not requiring adjudication at that stage. en-us Thu, 28 Jan 2010 00:00:00 +0530 Sat, 19 Mar 2016 15:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180286 The Tribunal held that assessments under section 153C could only be initiated if undisclosed income material was found during the search. Assessments for years without such material were deemed null. The satisfaction note, conditions under section 153C, and initiation of proceedings for relevant years were not met. Various additions were upheld, but some deletions were made based on lack of evidence or acceptable explanations. Interest charges were considered consequential. Penalty proceedings under section 271(1)(c) were deemed premature and not requiring adjudication at that stage. Case-Laws Income Tax Thu, 28 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180286