Diary Entries of Earlier Year Cannot Justify 153C Notice – ITAT Mumbai Quashes Assessment

DCIT Vs Piyush Arun Bongirwar (ITAT Delhi) ITAT Mumbai Quashes 153C Assessments – No Incriminating Material- Diary Entries of Earlier Year Cannot Justify 153C Notice – Tribunal Grants Relief   ITAT Mumbai has upheld the order of CIT(A) & quashed assessments framed u/s 143(3) r.w.s. 153C, holding that there was no incriminating material pertaining to the assessee for the relevant years. The assessee had originally filed return for AY 2014-15 declaring income of Rs.44.98 lakhs. Later, a search was conducted in Mohini Group on 07.05.2018, during which a diary was seized containing some...