https://www.taxtmi.com/caselaws?id=356721 The Tribunal confirmed the Commissioner of Income Tax (Appeals)'s decision to annul the assessment under section 153C of the Income Tax Act, 1961, due to the failure to meet mandatory conditions. The Revenue's appeal was dismissed, and the Cross Objection of the assessee was also rejected. The Tribunal stressed the necessity for assessments under section 153C to be supported by concrete evidence establishing undisclosed income or investments, which was lacking in this case. The judgment was pronounced on 28-02-2018. en-us Wed, 28 Feb 2018 00:00:00 +0530 Sat, 10 Mar 2018 06:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356721 The Tribunal confirmed the Commissioner of Income Tax (Appeals)'s decision to annul the assessment under section 153C of the Income Tax Act, 1961, due to the failure to meet mandatory conditions. The Revenue's appeal was dismissed, and the Cross Objection of the assessee was also rejected. The Tribunal stressed the necessity for assessments under section 153C to be supported by concrete evidence establishing undisclosed income or investments, which was lacking in this case. The judgment was pronounced on 28-02-2018. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356721