https://www.taxtmi.com/caselaws?id=462896 ITAT CHANDIGARH allowed the assessee's appeal, holding the assessment under section 153C unsustainable because the assessing officer did not place a satisfaction note on record nor identify any incriminating documents relating to the assessee arising from a search on another party. The valuation addition pertained to a sale disclosed in the return and was not supported by specific seized material. In view of binding Supreme Court precedents, the 153C assessment and the appellate confirmation were set aside on this legal/technical ground. en-us Wed, 15 Jan 2025 00:00:00 +0530 Mon, 18 Aug 2025 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462896 ITAT CHANDIGARH allowed the assessee's appeal, holding the assessment under section 153C unsustainable because the assessing officer did not place a satisfaction note on record nor identify any incriminating documents relating to the assessee arising from a search on another party. The valuation addition pertained to a sale disclosed in the return and was not supported by specific seized material. In view of binding Supreme Court precedents, the 153C assessment and the appellate confirmation were set aside on this legal/technical ground. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462896