https://www.taxtmi.com/caselaws?id=383234 The Tribunal held that the assessment proceedings under section 153C were invalid as the seized documents did not belong to the assessee. It found that the jurisdiction assumed by the assessing officer lacked merit due to the absence of proper reasons in the satisfaction note. The additions made based on seized documents were deleted as they were unrelated to the assessee. The Tribunal emphasized the importance of natural justice principles, disallowing additions made without providing an opportunity for cross-examination. Since the disclosed income covered the alleged undisclosed income and no other incriminating evidence was found, the set-off was allowed. The revenue's appeals were dismissed, and the assessee's appeals were partly allowed. en-us Thu, 11 Jul 2019 00:00:00 +0530 Thu, 18 Jul 2019 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383234 The Tribunal held that the assessment proceedings under section 153C were invalid as the seized documents did not belong to the assessee. It found that the jurisdiction assumed by the assessing officer lacked merit due to the absence of proper reasons in the satisfaction note. The additions made based on seized documents were deleted as they were unrelated to the assessee. The Tribunal emphasized the importance of natural justice principles, disallowing additions made without providing an opportunity for cross-examination. Since the disclosed income covered the alleged undisclosed income and no other incriminating evidence was found, the set-off was allowed. The revenue's appeals were dismissed, and the assessee's appeals were partly allowed. Case-Laws Income Tax Thu, 11 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383234