https://www.taxtmi.com/caselaws?id=772676 ITAT Delhi ruled in favor of the assessee regarding unexplained investment addition under section 69B. The tribunal held that seized documents from Micromax group premises during search could not be used against the assessee under section 153A proceedings. Since documents were found from third-party premises, proper procedure required initiation of separate proceedings under section 153C after recording satisfaction by the searching officer. The CIT(A)'s observation that documents were found from assessee's chamber lacked evidence. The tribunal emphasized that section 153A applies only when search is conducted on the assessee's premises, while section 153C governs use of third-party documents. Appeal allowed. en-us Wed, 23 Apr 2025 00:00:00 +0530 Thu, 12 Jun 2025 07:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772676 ITAT Delhi ruled in favor of the assessee regarding unexplained investment addition under section 69B. The tribunal held that seized documents from Micromax group premises during search could not be used against the assessee under section 153A proceedings. Since documents were found from third-party premises, proper procedure required initiation of separate proceedings under section 153C after recording satisfaction by the searching officer. The CIT(A)'s observation that documents were found from assessee's chamber lacked evidence. The tribunal emphasized that section 153A applies only when search is conducted on the assessee's premises, while section 153C governs use of third-party documents. Appeal allowed. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772676