Gift Deed Assessment Invalid u/s 153C Due to Non-Incriminating Records in Donor and Donee Accounts.

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....Assessment u/s 153C - gift deed which was found, was in respect of transaction which was duly recorded in the books of account of both the donor and donee and such a document to be even though belonging to assessee, cannot be the basis for initiating proceedings u/s 153C - it has failed to fulfill the basic condition of it being an incriminating document - proceedings initiated is bad in law....