https://www.taxtmi.com/caselaws?id=338465 The Tribunal dismissed the appeal of the Revenue and the cross objection of the assessee, affirming the CIT(A)'s decision to annul the assessment under section 153C of the Income Tax Act, 1961. The Tribunal found that the conditions for invoking section 153C were not met as the seized material did not belong to the assessee. Therefore, the assessment was deemed invalid, and the merits of the addition were not addressed due to the annulment of the assessment. en-us Fri, 27 Jan 2017 00:00:00 +0530 Sat, 04 Feb 2017 12:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338465 The Tribunal dismissed the appeal of the Revenue and the cross objection of the assessee, affirming the CIT(A)'s decision to annul the assessment under section 153C of the Income Tax Act, 1961. The Tribunal found that the conditions for invoking section 153C were not met as the seized material did not belong to the assessee. Therefore, the assessment was deemed invalid, and the merits of the addition were not addressed due to the annulment of the assessment. Case-Laws Income Tax Fri, 27 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338465