Tribunal held that, when the seized documents did not belong to the assessee and no incriminating documents or materials had been seized from other persons, which were assessed u/s. 153C r.w.s. 143(3) no addition can be sustainable in the hands of the assessee for such assessment year.(AY.2009-10, 2010-11)
Unicon Merchants P. Ltd. v. JCIT (2019) 76 ITR 381 (Cuttack)(Trib.)
S. 153C : Assessment-Income of any other person–Search Seized documents not belonging to assessee-No incriminating documents / materials seized–Addition cannot be sustained.