https://www.taxtmi.com/caselaws?id=384175 The High Court upheld the lower authorities' decision, dismissing the revenue's appeal. It was held that the Assessing Officer's satisfaction lacked sufficient material to initiate proceedings under Section 153C of the Income Tax Act. The Court emphasized the need for substantial evidence to establish ownership of seized documents and prevent misuse of the provision. The appeal was rejected, affirming the importance of clear justification and tangible material before invoking Section 153C. en-us Tue, 30 Jul 2019 00:00:00 +0530 Sat, 07 Dec 2019 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384175 The High Court upheld the lower authorities' decision, dismissing the revenue's appeal. It was held that the Assessing Officer's satisfaction lacked sufficient material to initiate proceedings under Section 153C of the Income Tax Act. The Court emphasized the need for substantial evidence to establish ownership of seized documents and prevent misuse of the provision. The appeal was rejected, affirming the importance of clear justification and tangible material before invoking Section 153C. Case-Laws Income Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384175