https://www.taxtmi.com/caselaws?id=380537 The Tribunal held that the initiation of proceedings under Section 153C was without basis as the document found was already recorded in the books of account, rendering the assessment orders for the years 2005-06 to 2010-11 invalid. The Tribunal also ruled that the ad hoc disallowance of 5% of expenses lacked merit as no incriminating material was found, ultimately allowing all appeals of the assessee. en-us Fri, 17 May 2019 00:00:00 +0530 Wed, 22 May 2019 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380537 The Tribunal held that the initiation of proceedings under Section 153C was without basis as the document found was already recorded in the books of account, rendering the assessment orders for the years 2005-06 to 2010-11 invalid. The Tribunal also ruled that the ad hoc disallowance of 5% of expenses lacked merit as no incriminating material was found, ultimately allowing all appeals of the assessee. Case-Laws Income Tax Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380537