Regular assessment cannot be revisited under Section 153C in absence of incriminating evidence

Bharati Vidyapeeth Medical Foundation Vs ACIT (ITAT Pune)

ITAT Pune adjudicated a case involving Bharati Vidyapeeth Medical Foundation, where notices issued under Section 153C of the Income Tax Act were challenged. The tribunal ruled that assessments for specific assessment years (AYs) could not be reopened without the presence of AY-specific incriminating material. It emphasized that documents seized during a search must directly relate to the assessee and indicate undisclosed income to validate the issuance of such notices. For AYs 2000-01 to 2003-04 and 2005-06, the tribunal fou

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