Proceedings u/s 153C cannot be initiated in absence of incriminating material found during search: ITAT [Read Order]

incriminating material - ITAT - taxscan

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) held that proceedings under Section 153C of the Income Tax Act, 1961 cannot be initiated in absence of incriminating material found during search. During the course of assessment proceedings, the Assessing Officer (AO) noticed that the assessee, A. Gandhimathi has made unregistered dealer purchases. The…

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