ANAND JAIN HUF,NEW DELHI vs. DCIT, CENTRAL CIRCLE- 25, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri H.S. Sidhu & Shri B.R.R. Kumar

153A of the I.T. Act, 1961 which is in contravention of the provisions of section 153C of the I.T. Act where no incriminating material was found from the search operation conducted at the assessee’s premises u/s. 132 of the Act and no admission was made by the assessee u/s. 132(4) of the Act was subject transaction

SATISH DEV JAIN,DELHI vs. DCIT, CENTRAL CIRCLE-25, NEW DELHI

In the result, the appeal of the assessee is allowed