The Assessee, approaching Hon\u2019ble High Court contended that the proceedings under S. 153C were invalid because there was no incriminating material for the impugned years and the satisfaction notes did not explain how any seized material had a bearing on the determination of total income for those years.<\/p>\n
The Hon\u2019ble Delhi High Court quashed the S. 153C proceedings\/notice on the grounds that, absent incriminating material and proper satisfaction demonstrating bearing on total income for the year, Sec. 153C could not be sustained.<\/p>\n
The Revenue challenged the High Court\u2019s quashing of the 153C proceedings by filing an\u00a0SLP before the Supreme Court\u00a0(i.e., Revenue sought to sustain the 153C action set aside by the High Court), albeit with substantial delay and did not overcome the High Court\u2019s reasoning on the need for incriminating material and proper satisfaction for each year.<\/p>\n
The Hon\u2019ble Supreme Court\u00a0 dismissed the SLP as time\u2011barred and on merits; the Supreme Court refused to interfere, effectively affirming the High Court\u2019s quashing of the S. 153C proceedings. (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 153C : Assessment-Income of any other person-Search-Not recording of satisfaction-No incriminating material-Abated-Proceedings invalid-SLP of revenue dismissed.[S. 153A, Art. 136] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-59619","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fvB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=59619"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59619\/revisions"}],"predecessor-version":[{"id":59620,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59619\/revisions\/59620"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}