https://www.taxtmi.com/caselaws?id=183267 The Delhi High Court dismissed appeals under Section 260-A of the Income Tax Act 1961 against an ITAT order for Assessment Years 2006-07 to 2008-09. The key issue was the ownership of a hard disc found in a searched entity's premises for Section 153 C purposes. The Court held that the Assessing Officer failed to satisfy the requirement of establishing ownership, as mandated by law. Citing precedents, the Court emphasized the necessity of the Assessing Officer's satisfaction. Consequently, the appeals were dismissed due to the lack of proof of ownership and non-compliance with legal procedures. en-us Fri, 14 Aug 2015 00:00:00 +0530 Fri, 03 Jun 2016 11:50:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183267 The Delhi High Court dismissed appeals under Section 260-A of the Income Tax Act 1961 against an ITAT order for Assessment Years 2006-07 to 2008-09. The key issue was the ownership of a hard disc found in a searched entity's premises for Section 153 C purposes. The Court held that the Assessing Officer failed to satisfy the requirement of establishing ownership, as mandated by law. Citing precedents, the Court emphasized the necessity of the Assessing Officer's satisfaction. Consequently, the appeals were dismissed due to the lack of proof of ownership and non-compliance with legal procedures. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183267