https://www.taxtmi.com/caselaws?id=347067 The Tribunal upheld the decision that the Assessing Officer wrongly assumed jurisdiction under Section 153C of the Income-tax Act. It was found that the seized documents did not belong to or pertain to the assessee, and the statement recorded under Section 132(4) was deemed irrelevant for justifying jurisdiction under Section 153C. Consequently, the appeals for the assessment years were dismissed, confirming the invalidity of the assessments framed by the Assessing Officer. en-us Fri, 28 Jul 2017 00:00:00 +0530 Sun, 27 Aug 2017 20:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347067 The Tribunal upheld the decision that the Assessing Officer wrongly assumed jurisdiction under Section 153C of the Income-tax Act. It was found that the seized documents did not belong to or pertain to the assessee, and the statement recorded under Section 132(4) was deemed irrelevant for justifying jurisdiction under Section 153C. Consequently, the appeals for the assessment years were dismissed, confirming the invalidity of the assessments framed by the Assessing Officer. Case-Laws Income Tax Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347067