https://www.taxtmi.com/caselaws?id=769939 ITAT Chennai held that assessment proceedings under Section 153C were invalid as incriminating documents were seized from the assessee's own premises during search, making him a "searched person" under Section 153A rather than Section 153C. The tribunal ruled that Section 153C applies only when documents are found during search of another person. Additionally, additions based solely on the assessee's statement under Section 132(4) without corroboration were impermissible, particularly when the assessing officer selectively accepted parts of the statement while rejecting others. The assessment was deemed bad-in-law and the assessee succeeded on these legal grounds. en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769939 ITAT Chennai held that assessment proceedings under Section 153C were invalid as incriminating documents were seized from the assessee's own premises during search, making him a "searched person" under Section 153A rather than Section 153C. The tribunal ruled that Section 153C applies only when documents are found during search of another person. Additionally, additions based solely on the assessee's statement under Section 132(4) without corroboration were impermissible, particularly when the assessing officer selectively accepted parts of the statement while rejecting others. The assessment was deemed bad-in-law and the assessee succeeded on these legal grounds. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769939