Assessing Officer Lacks Jurisdiction: Section 153C & 68 Don't Justify Action Based on Regular Books Found in Searches.

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....Assessment u/s 153C - addition u/s 68 - Merely because regular books, of other persons are found with searched persons assumption of jurisdiction by AO of Other persons may be justified but since these are generally the regular books of account on the basis of which returns are prepared, there cannot be any undisclosed income arising from them. - AT....