https://www.taxtmi.com/caselaws?id=180622 The High Court of Gujarat dismissed the appeal filed by the revenue against the order of the Income Tax Appellate Tribunal quashing proceedings under Section 153C of the Income Tax Act for the assessment year 2004-05. The Court upheld the Tribunal's decision, stating that since no assets belonging to the assessee were found during the search, the quashing of proceedings was justified. The Assessing Officer was found unjustified in making an assessment under the Act. Therefore, the Court found no reason to interfere with the Tribunal's order, leading to the dismissal of the appeal. en-us Tue, 20 Mar 2012 00:00:00 +0530 Mon, 10 Jul 2017 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180622 The High Court of Gujarat dismissed the appeal filed by the revenue against the order of the Income Tax Appellate Tribunal quashing proceedings under Section 153C of the Income Tax Act for the assessment year 2004-05. The Court upheld the Tribunal's decision, stating that since no assets belonging to the assessee were found during the search, the quashing of proceedings was justified. The Assessing Officer was found unjustified in making an assessment under the Act. Therefore, the Court found no reason to interfere with the Tribunal's order, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 20 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180622