https://www.taxtmi.com/caselaws?id=307019 The Bombay High Court upheld the Tribunal's decision, declaring the proceedings under Section 153C invalid as the seized documents did not belong to the assessee. The additions made under Section 69C were deleted due to lack of concrete evidence, leading to the penalty under Section 271AAA being deemed unsustainable. The Tribunal's ruling was based on the insufficiency of evidence and legal requirements, ultimately favoring the assessee and rejecting the tax authorities' claims. en-us Thu, 18 Oct 2018 00:00:00 +0530 Mon, 13 Mar 2023 21:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307019 The Bombay High Court upheld the Tribunal's decision, declaring the proceedings under Section 153C invalid as the seized documents did not belong to the assessee. The additions made under Section 69C were deleted due to lack of concrete evidence, leading to the penalty under Section 271AAA being deemed unsustainable. The Tribunal's ruling was based on the insufficiency of evidence and legal requirements, ultimately favoring the assessee and rejecting the tax authorities' claims. Case-Laws Income Tax Thu, 18 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307019