Proceedings u/s 153C in absence of any incriminating material is bad in law

ACIT Vs Sri Mathikere Ramaiah Seetharam (ITAT Bangalore) As has been submitted earlier, a search action u/s 132 was initiated on 23.08.2016 in the case of M/s MS Ramaiah Developers and Builders P Ltd. It has been stated at para 1 of the impugned assessment order that several documents were seized in the course of the search. It is further stated that ‘some documents had a bearing on total income’ of the Respondent. Vide letter dated 24.09.2018 the Respondent was provided with copy of the documents seized in the course of above search and which in view of the learned assessing officer had a...