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ITAT Jaipur quashes Section 153C assessment for AY 2014-15, ruling seized agreement dated 2012 irrelevant as it pertained to a prior year. The ruling clarifies jurisdictional limits on incriminating material under Section 153C, impacting future assessments based on third-party searches.
ITAT Delhi sets aside assessments under Section 153C where no incriminating material connects the assessee to alleged commission receipts. The ruling invalidates protective additions when substantive additions fail, reinforcing that jurisdictional validity under Section 153C hinges on direct evidence linking the assessee to undisclosed income.
Rajasthan High Court ruled that block assessment under Section 153C of the Income Tax Act requires incriminating material to justify tax demands. The court also reaffirmed that rural agricultural land beyond 8 km from municipal limits remains exempt from capital gains tax, setting a precedent for similar tax disputes.