Assumption of jurisdiction U/s. 153C is invalid if seized documents makes no reference of assessee or any transaction by him

DCIT v. National Standard India Ltd. (ITAT Mumbai) Assumption of jurisdiction over assessee under section 153C on the basis of statement of searched person, however, seized documents making no reference of either the assessee or any transaction entered into by it, was highly misplaced and, therefore, set aside. Assessing officer in his attempt to justify the validity of the jurisdiction assumed by him under section 153C in the case of the assessee, had therein referred to and taken support of the statement of Shri Abhinandan Lodha recorded under section 132(4) during the course of search and s...