https://www.taxtmi.com/caselaws?id=358522 The tribunal allowed the appeals of the appellant, setting aside the order of the CIT(A). It held that the action under Section 153C of the Income Tax Act, 1961, was not justified as the seized documents did not belong to the appellant. Consequently, the addition of Rs. 2,00,000 as undisclosed income based on the loose paper was also not justified. The appeals for both assessment years were allowed in favor of the appellant. en-us Fri, 06 Apr 2018 00:00:00 +0530 Fri, 13 Apr 2018 08:17:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358522 The tribunal allowed the appeals of the appellant, setting aside the order of the CIT(A). It held that the action under Section 153C of the Income Tax Act, 1961, was not justified as the seized documents did not belong to the appellant. Consequently, the addition of Rs. 2,00,000 as undisclosed income based on the loose paper was also not justified. The appeals for both assessment years were allowed in favor of the appellant. Case-Laws Income Tax Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358522