Section 153C proceedings not valid if initiated on the basis of document not belonging to Assessee

In the present case, however, it is nobody’s case other than the Revenue that the document found in the premises of Mr. Lalit Modi belongs to the Assessee. Mr. Shivpuri referred to Section 292 C of the Act for the purposes of drawing two presumptions (i) the one contained in Please become a Premium member. If you are already a Premium member, login here to access the full content.