Section 153C of The Income Tax Act, 1961 provides that where
search is conducted on a person and undisclosed assets/documents
indicating undisclosed income are found as belonging to or pertains
to "other person" other than, searched person", then
in that case, proceedings u/s 153C would be undertaken against the
"other person".
A bare reading of Section 153C says :-
Notwithstanding anything contained in section 139 section
147, section 148, section 149, section 151 and section 153, where
the Assessing Officer is satisfied that,—
(a) any money, bullion, jewellery or other valuable article
or thing, seized or requisitioned, belongs to; or
(b) any books of account or documents, seized or
requisitioned, pertains or pertain to, or any information contained
therein, relates to, a person other than the person referred to in
section 153A , then, the books of account or documents or assets,
seized or requisitioned shall be handed over to the Assessing
Officer having
