Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (6) TMI 701 - ITAT COCHINSearch - Block assessment - Undisclosed income of any other person - warrant was in the name of Shri. C.P. David and the warrant was to search the premises of Kothamangalam Aggregates Nelkrishi – The Revenue maintains that search on Shri C.P. David was only in his capacity as a partner of the assessee-firm-being its principal partner. - Held that:- warrant was issued in the case of Shri. C.P. David and it does not mention therein that the same was issued on his name in his capacity as partner of Kothamangalam Aggregates Nelkrishi - In the case of "other person", the assessment has to be made u/s. 158BD and not u/s. 158BC - assessment in the case of a person other than the one subject to search can only be u/s.158BD and not u/s. 158BC alone as in the instant case – Decided in favor of assessee.
|