https://www.taxtmi.com/caselaws?id=282520 The Appellate Tribunal dismissed the revenue's appeals, upholding the decision of the CIT(A) that the Assessing Officer did not provide adequate reasons for concluding that the seized documents belonged to the assessee. The Tribunal emphasized the necessity for a clear basis or reasons in the satisfaction note to establish that the documents pertain to a person other than the searched individual. As the jurisdiction under Section 153C was deemed invalid due to lack of justification, the additions of undisclosed capital gains made by the AO were not upheld. en-us Mon, 31 Dec 2018 00:00:00 +0530 Mon, 12 Aug 2019 06:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282520 The Appellate Tribunal dismissed the revenue's appeals, upholding the decision of the CIT(A) that the Assessing Officer did not provide adequate reasons for concluding that the seized documents belonged to the assessee. The Tribunal emphasized the necessity for a clear basis or reasons in the satisfaction note to establish that the documents pertain to a person other than the searched individual. As the jurisdiction under Section 153C was deemed invalid due to lack of justification, the additions of undisclosed capital gains made by the AO were not upheld. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282520