https://www.taxtmi.com/caselaws?id=424772 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, dismissing the Revenue's appeal challenging the jurisdiction of the Assessing Officer under section 153C of the Income Tax Act, 1961. The Tribunal emphasized the requirement of incriminating material for the Assessing Officer to exercise jurisdiction under section 153C, as established by relevant case laws. Since no such material was found during the search operation pertaining to the Assessee for the relevant assessment year, the Tribunal affirmed the CIT(A)'s decision, highlighting the importance of incriminating evidence in initiating assessments under section 153C. en-us Wed, 06 Jul 2022 00:00:00 +0530 Thu, 07 Jul 2022 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424772 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, dismissing the Revenue's appeal challenging the jurisdiction of the Assessing Officer under section 153C of the Income Tax Act, 1961. The Tribunal emphasized the requirement of incriminating material for the Assessing Officer to exercise jurisdiction under section 153C, as established by relevant case laws. Since no such material was found during the search operation pertaining to the Assessee for the relevant assessment year, the Tribunal affirmed the CIT(A)'s decision, highlighting the importance of incriminating evidence in initiating assessments under section 153C. Case-Laws Income Tax Wed, 06 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424772