https://www.taxtmi.com/caselaws?id=347913 The High Court dismissed the Revenue's appeals challenging the block assessment order under Section 153C of the Income Tax Act, 1961. The Court upheld the decisions of lower authorities, emphasizing that seized documents must belong to a person other than the one mentioned in the relevant section for jurisdictional purposes. The Court rejected the Revenue's argument that the documents only needed to pertain to the Assessee, clarifying the necessity of ownership. The Court found no perversity in the ITAT's order and ruled in favor of the Assessees, affirming the lower authorities' decisions. en-us Wed, 06 Sep 2017 00:00:00 +0530 Wed, 13 Dec 2017 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347913 The High Court dismissed the Revenue's appeals challenging the block assessment order under Section 153C of the Income Tax Act, 1961. The Court upheld the decisions of lower authorities, emphasizing that seized documents must belong to a person other than the one mentioned in the relevant section for jurisdictional purposes. The Court rejected the Revenue's argument that the documents only needed to pertain to the Assessee, clarifying the necessity of ownership. The Court found no perversity in the ITAT's order and ruled in favor of the Assessees, affirming the lower authorities' decisions. Case-Laws Income Tax Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347913