In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes
Bench: Shri Manomohan Das & Shri Rakesh Mishra
b) No Assets being undisclosed asset has been found. 10. That Sir, Apex Court in the case of CIT Vs. Sinhgad Technical Education Society (397 ITR 344) while affirming the decision of ITAT & Hon'ble Bombay High Court has held that AO cannot resort to jurisdiction of Sec. 153C without having Incriminating material for the assessment year in question. Blindly