https://www.taxtmi.com/caselaws?id=13196 The HC upheld the ITAT's decision, affirming that the AO lacked jurisdiction under section 158BD of the Income-tax Act due to improper handling of seized material from a search operation. The HC emphasized that the material should have been transferred to the AO with jurisdiction over the non-resident individual. Consequently, the assessment order was set aside. The HC also supported the Tribunal's interpretation of provisions related to undisclosed income and deductions, aligning with the legislative framework. The appeal was dismissed without costs, reinforcing jurisdictional adherence and proper assessment procedures. en-us Fri, 18 Aug 2006 00:00:00 +0530 Tue, 27 Feb 2024 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13196 The HC upheld the ITAT's decision, affirming that the AO lacked jurisdiction under section 158BD of the Income-tax Act due to improper handling of seized material from a search operation. The HC emphasized that the material should have been transferred to the AO with jurisdiction over the non-resident individual. Consequently, the assessment order was set aside. The HC also supported the Tribunal's interpretation of provisions related to undisclosed income and deductions, aligning with the legislative framework. The appeal was dismissed without costs, reinforcing jurisdictional adherence and proper assessment procedures. Case-Laws Income Tax Fri, 18 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13196