Notice U/S 153C Income Tax Act Can Be Issued Only If Incriminating Material Has 'Bearing On Total Income' Of Non-Searched Assessee: Delhi High Court

The Delhi High Court recently delivered a significant judgment interpreting Section 153C of the Income Tax Act. The case involved petitions challenging notices issued to certain assessees under Section 153C, which deals with reopening income tax assessments of persons other than the searched person based on material seized during a search. The Court examined whether the Assessing Officer (AO) had the authority to reopen multiple assessment years merely on finding…