Case Law Details
Brief of the case
ITAT Ahmedabad In the case of M/s Shiv Associates v DCIT quashed the notice u/s 153C relying on the Judgment of the similar case related to the assessee in which the notices u/s 153C were quashed as no satisfaction was recorded by the AO.
Facts of the case
Assessee is a partnership firm stated to be engaged in construction business. A search action u/s. 132 of the Act was conducted and a Laptop was found and seized in which Rameshbhai Shah had maintained books of accounts in respect of 65 entities including that of Assessee. Accordingly, proceedings u/s. 153C were initiated and notice u/s. 153C r/w 153A(a) were issued. Thereafter assessment was framed u/s. 153C r/w 153A and the total income was determined at Rs. 26,73,280/-. Aggrieved by the order of A.O., Assessee carried the matter before ld. CIT(A) who vide order dated 25.11.2011 dismissed the appeal of the Assessee.
Contention of the Assessee
Please become a Premium member. If you are already a Premium member, login here to access the full content.
