https://www.taxtmi.com/caselaws?id=325792 The court quashed the proceedings initiated under Section 153A of the Income Tax Act, 1961, following search and seizure operations. It was found that the search premise was erroneous, lacking valid reasons, and no incriminating material was discovered. The court emphasized the necessity of valid reasons for conducting searches under Section 132 and deemed the assessment proceedings unwarranted based on the flawed search premise. As a result, the writ petitions were allowed, and all pending applications were granted in favor of the petitioners, leading to the quashing of the proceedings under Section 153A. en-us Tue, 22 Mar 2016 00:00:00 +0530 Tue, 29 Mar 2016 10:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325792 The court quashed the proceedings initiated under Section 153A of the Income Tax Act, 1961, following search and seizure operations. It was found that the search premise was erroneous, lacking valid reasons, and no incriminating material was discovered. The court emphasized the necessity of valid reasons for conducting searches under Section 132 and deemed the assessment proceedings unwarranted based on the flawed search premise. As a result, the writ petitions were allowed, and all pending applications were granted in favor of the petitioners, leading to the quashing of the proceedings under Section 153A. Case-Laws Income Tax Tue, 22 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325792