https://www.taxtmi.com/caselaws?id=378862 The Tribunal upheld the CIT(A)'s decision in a case involving the legality of a notice issued under section 153C of the Income Tax Act and the addition of Rs. 6,45,00,000 as undisclosed income. The Tribunal found that the notice under section 153C was illegal as the Assessing Officer did not comply with the prerequisite of establishing that the seized documents did not belong to the searched party. Additionally, the Tribunal agreed with the CIT(A) that the addition of Rs. 6,45,00,000 as undisclosed income was not supported by concrete evidence and was based on assumptions, leading to the dismissal of the Revenue's appeal. en-us Thu, 18 Apr 2019 00:00:00 +0530 Tue, 23 Apr 2019 08:26:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378862 The Tribunal upheld the CIT(A)'s decision in a case involving the legality of a notice issued under section 153C of the Income Tax Act and the addition of Rs. 6,45,00,000 as undisclosed income. The Tribunal found that the notice under section 153C was illegal as the Assessing Officer did not comply with the prerequisite of establishing that the seized documents did not belong to the searched party. Additionally, the Tribunal agreed with the CIT(A) that the addition of Rs. 6,45,00,000 as undisclosed income was not supported by concrete evidence and was based on assumptions, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378862