Friday, 27 February 2015

ITAT quashed sec. 153C block proceedings as AO didn't record satisfaction that seized docs belonged

IT : Where Assessing Officer of 'B', 'P' and 'MB' did not record any satisfaction that some money, bullion, jewellery or books of account or other documents found from these persons belonged to assessee, initiation of proceedings under section 153C on assessee was void ab initio


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