Assessment framed u/s. 153A without following mandate of section 153C is unsustainable

Rumneek Bawa Vs ACIT (ITAT Delhi) ITAT Delhi held that assessment framed u/s. 153A of the Income Tax Act based on material found during search on third party without following the mandate of section 153C of the Income Tax Act is unsustainable in law. Facts- There was a search and seizure operation u/s. 132A of the Income Tax Act, 1961 conducted on 04.02.2009 in the case of M/s. Zoom Developers Pvt. Ltd and the residential as well as Office premises of Shri Ramneek Bawa, CEO of M/s. Zoom Developers Pvt. Ltd. In the assessment order, AO noted that on going through the seized material, it was not...