https://www.taxtmi.com/caselaws?id=356380 The Tribunal ruled in favor of the appellant, primarily focusing on the flawed initiation of proceedings under section 153C of the Income Tax Act. The Assessing Officer's failure to verify ownership of seized documents led to the quashing of the assessment order, highlighting the importance of complying with statutory provisions and establishing ownership in assessment proceedings. The Tribunal emphasized the necessity to prove ownership of seized material, ultimately deeming the proceedings bad in law and setting aside the assessment due to procedural deficiencies. en-us Wed, 28 Feb 2018 00:00:00 +0530 Mon, 05 Mar 2018 10:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356380 The Tribunal ruled in favor of the appellant, primarily focusing on the flawed initiation of proceedings under section 153C of the Income Tax Act. The Assessing Officer's failure to verify ownership of seized documents led to the quashing of the assessment order, highlighting the importance of complying with statutory provisions and establishing ownership in assessment proceedings. The Tribunal emphasized the necessity to prove ownership of seized material, ultimately deeming the proceedings bad in law and setting aside the assessment due to procedural deficiencies. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356380