2016 (12) TMI 1576

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.... ORDER The revenue urges that the Income Tax Appellate Tribunal's (ITAT) decision, setting aside the assessments made by the Transfer Pricing Officer (TPO)/Assessing Officer (AO) after the search and seizure proceedings, culminating in a proceeding under Section 153A of the Income Tax Act, 1961 [hereafter "the Act"] was unwarranted. The facts are that during the relevant period, i.e. AY 200....

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....rest. The ITAT upon the assessee's further appeal quashed the assessment principally on the ground that in the absence of seizure of any incriminating material, the rule enunciated in CIT v. Kabul Chawla 2016 (380) ITR 573 (Del) was applicable invalidating the proceedings under Section 153A. This Court has considered the record. It is quite evident that the scrutiny assessments concluded earlie....