Proceedings u/s 153C not valid in absence of any relevant seized material

Brief of the Case Delhi High Court held In the case of CIT vs. M/s Refam Management Services (P) Ltd. that under Section 153C the assessment or reassessment of income of a person other than a searched person would proceed in accordance with the provisions of Section 153A. The concluded assessments cannot be interfered with under Section 153A unless the incriminating material belonging to the Assessee has been seized. In the present case, the documents seized had no relevance or bearing on the income of the Assessee for the relevant assessment years and could not possibly reflect any undisclose...