2015 (8) TMI 982

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....e Respondents : Mr Kapil Goel, Adv. with Mr Ankit Gupta, Advs. ORDER 1. This appeal by the Revenue under Section 260A of the Income Tax Act, 1961 ('Act') is directed against the order dated 5th November 2014 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No. 1436/Del/2012 for the Assessment Year ('AY') 2009-10. 2. A search and seizure operation was con....

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....in para 14 held that while in the case of the searched person, the date with reference to which the proceedings for assessment or reassessment of any assessment year within the period of the six assessment years shall abate shall be the date of initiation of the search under Section 132 or the requisition under Section 132A, in the case of the other person (like the Assessee in the present case) "....

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...., containing the guidelines regarding Section 153C of the Act. Para 2.5 of the said circular clarifies as under: "The AO of the other person assumes jurisdiction under Section 153C with the receipt of the relevant seized material from the AO of the searched person. Also, a copy of the satisfaction received from the AO of the searched person in this regard would enable him to proceed furth....