https://www.taxtmi.com/caselaws?id=396483 The Tribunal quashed the assessments for A.Y 2013-14 and A.Y 2014-15, ruling that the Assessing Officer (A.O) improperly assumed jurisdiction under the pre-amended Section 153C of the Income Tax Act, 1961. The Tribunal determined that the documents did not belong to the appellant, invalidating the jurisdiction. Consequently, the additions of Rs. 1,74,99,600 and Rs. 6,55,64,120 were not addressed on merits, leaving those issues open. en-us Tue, 16 Jun 2020 00:00:00 +0530 Fri, 08 Nov 2024 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396483 The Tribunal quashed the assessments for A.Y 2013-14 and A.Y 2014-15, ruling that the Assessing Officer (A.O) improperly assumed jurisdiction under the pre-amended Section 153C of the Income Tax Act, 1961. The Tribunal determined that the documents did not belong to the appellant, invalidating the jurisdiction. Consequently, the additions of Rs. 1,74,99,600 and Rs. 6,55,64,120 were not addressed on merits, leaving those issues open. Case-Laws Income Tax Tue, 16 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396483