https://www.taxtmi.com/caselaws?id=308745 The High Court ruled in favor of the assessee in a case involving the assessment under Section 153A of the Income Tax Act for seized goods. The court held that the assessee, a booking agent, was not liable for the goods found in booked parcels as ownership was claimed by the angarias who booked the parcels. The court emphasized that the onus to prove ownership rested with the angarias, absolving the assessee of any tax liability related to the seized goods. en-us Thu, 20 Aug 2009 00:00:00 +0530 Tue, 18 Jul 2023 15:14:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308745 The High Court ruled in favor of the assessee in a case involving the assessment under Section 153A of the Income Tax Act for seized goods. The court held that the assessee, a booking agent, was not liable for the goods found in booked parcels as ownership was claimed by the angarias who booked the parcels. The court emphasized that the onus to prove ownership rested with the angarias, absolving the assessee of any tax liability related to the seized goods. Case-Laws Income Tax Thu, 20 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308745