https://www.taxtmi.com/caselaws?id=404397 The Tribunal deemed the proceedings under Section 153C invalid as the documents seized did not belong to the assessee. Assessments for A.Y. 2011-12 were quashed. For A.Y. 2012-13, only a portion of additions was confirmed. Penalties related to disallowances under Section 80IB(10) were deleted for A.Y. 2006-07 to 2010-11 and quashed for A.Y. 2011-12. Penalties for A.Y. 2012-13 were sustained only on the confirmed additions. en-us Thu, 11 Feb 2021 00:00:00 +0530 Tue, 23 Feb 2021 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404397 The Tribunal deemed the proceedings under Section 153C invalid as the documents seized did not belong to the assessee. Assessments for A.Y. 2011-12 were quashed. For A.Y. 2012-13, only a portion of additions was confirmed. Penalties related to disallowances under Section 80IB(10) were deleted for A.Y. 2006-07 to 2010-11 and quashed for A.Y. 2011-12. Penalties for A.Y. 2012-13 were sustained only on the confirmed additions. Case-Laws Income Tax Thu, 11 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404397