Section 153C Assessment Valid: Incriminating Material Justifies Rs. 10 Crore Non-Compete Fee Notice Based on Seized Evidence.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Validity of assessment u/s 153C - incriminating material related to assessee - at the first instance, while calling upon the assessee to show cause as to why non compete fee of ₹ 10 Crores should not be brought to tax, placed reliance on the seized material and AO has specifically recorded the materials which were seized during the search operations - assessment validly made....