https://www.taxtmi.com/caselaws?id=785071 Challenge to validity of proceedings under Section 153C focused on whether the foundational jurisdictional fact for invoking the provision exists. The argument was that ledger entries recovered from searched premises relate to expenditure and show tax deducted at source, affecting characterization of the entries as assets and thereby the statutory premise for issuing a Section 153C notice. Court found a plausible ground to oppose the proceedings on that basis and directed the assessing officer to decide the petitioners objections by a specified date, with a reasoned order to be communicated to the petitioner. en-us Thu, 08 Jan 2026 00:00:00 +0530 Fri, 16 Jan 2026 08:03:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785071 Challenge to validity of proceedings under Section 153C focused on whether the foundational jurisdictional fact for invoking the provision exists. The argument was that ledger entries recovered from searched premises relate to expenditure and show tax deducted at source, affecting characterization of the entries as assets and thereby the statutory premise for issuing a Section 153C notice. Court found a plausible ground to oppose the proceedings on that basis and directed the assessing officer to decide the petitioners objections by a specified date, with a reasoned order to be communicated to the petitioner. Case-Laws Income Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785071