Assessment u/s 153C cannot be made in absence of incriminating documents discovered during search

PCIT Vs S.R.Trust (Madras High Court) Conclusion: In the absence of any incriminating documents or evidence discovered during the course of search under Section 132 in the case of searched person against the assessee, the jurisdiction under the provisions of Section 153C could not be assumed. Held:  Assessee was a charitable trust registered under Section 12AA. A search was conducted under Section 132 in the case of one Dr. S. Gurusankar, managing trustee of the assessee, which established and was administering a multi specialty hospital at Madurai. Simultaneously, the search action was condu...