https://www.taxtmi.com/highlights?id=28194 Validity of assessment u/s 153C - real owner of the document seized - the presumption cast under provisions of section 132(4A) of the Act, comes into play. - even the provisions of section 292C(1) also provide the same. This presumption was not rebutted by the AO of the searched person - assessee-firm cannot be said to be the owner of the document seized. - AT en-us Wed, 30 Mar 2016 13:33:17 +0530 Wed, 30 Mar 2016 13:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28194 Validity of assessment u/s 153C - real owner of the document seized - the presumption cast under provisions of section 132(4A) of the Act, comes into play. - even the provisions of section 292C(1) also provide the same. This presumption was not rebutted by the AO of the searched person - assessee-firm cannot be said to be the owner of the document seized. - AT Highlights Income Tax Wed, 30 Mar 2016 13:33:17 +0530 https://www.taxtmi.com/highlights?id=28194