Search proceedings can't be initiated against an issuer of seized cheque

September 17, 2015[2015] 61 taxmann.com 60 (Ahmedabad - Trib.)

IT : When cheque issued by assessee to searched person was found from searched person, cheque did no more continue to belong to assessee; further where no satisfaction was recorded by Assessing Officer of person searched and cheque was also undated, conditions for issuing notice to assessee under section 153C were not satisfied