https://www.taxtmi.com/caselaws?id=375003 The tribunal quashed the proceedings under section 153C of the Income Tax Act and deleted all additions as the seized documents did not establish a correlation with the relevant assessment years. Additionally, the tribunal found in favor of the assessee regarding the valuation differences in property at Rajokari, New Delhi, leading to the deletion of all additions made on merit. The judgment emphasized the necessity of a specific connection between seized material and the assessment years under question, ultimately resulting in the allowance of the assessee's appeals. en-us Wed, 06 Feb 2019 00:00:00 +0530 Thu, 07 Mar 2019 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375003 The tribunal quashed the proceedings under section 153C of the Income Tax Act and deleted all additions as the seized documents did not establish a correlation with the relevant assessment years. Additionally, the tribunal found in favor of the assessee regarding the valuation differences in property at Rajokari, New Delhi, leading to the deletion of all additions made on merit. The judgment emphasized the necessity of a specific connection between seized material and the assessment years under question, ultimately resulting in the allowance of the assessee's appeals. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375003