Section 153C proceedings not valid if initiated on the basis of document not belonging to Assessee

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There is, therefore, nothing to contradict the categorical finding of the ITAT that the document which formed the main basis for initiation of the proceedings under Section 153C of the Act does not belong to the Assessee. One of the principal conditions for attracting Section 153C of the Act is, therefore, not fulfilled in the present case.

May 28, 2017 at 12:02PM

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from CA Sandeep Kanoi

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