M/S FIVE ROSES,KANPUR vs. J/DCIT-CC,, KANPUR

In the result, all the three appeals are partly allowed for statistical purposes

Bench: Shri. Sudhanshu Srivastava & Shri Anadee Nath Misshra

292C of the Act., the Id. "CIT(A)" ought to have held the re-assessment order as illegal, bad in law and without jurisdiction. 10. BECAUSE the assessment was re-opened on the basis of material seized/found during the search of a 3rd party as such the re-assessment proceedings could have been initiated u/s 153C of the Act only

M/S FIVE ROSES,KANPUR vs. DY, CIT-CC-1, KANPUR

In the result, all the three appeals are partly allowed for statistical purposes

Bench: Shri. Sudhanshu Srivastava & Shri Anadee Nath Misshra

292C of the Act., the Id. "CIT(A)" ought to have held the re-assessment order as illegal, bad in law and without jurisdiction. 10. BECAUSE the assessment was re-opened on the basis of material seized/found during the search of a 3rd party as such the re-assessment proceedings could have been initiated u/s 153C of the Act only

ASSTT. COMMISSIONER OF INCOME TAX, LUCKNOW vs. SHRI BHUPINDER SINGH TALWAR, LUCKNOW

In the result, the appeal of the assessee is partly allowed\nfor statistical purposes

292C of the I.T.\nAct which has been introduced by Finance Act, 2007 and was accordingly\nnot considered in the case relied up by CIT(A).\n5. That Ld. CIT(A) has erred in deriving analogy from Section 158BC of the\nAct in the present case which is an amount u/s 153C of the I.T. Act. The\nCIT