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2010 (2) TMI 949 - AT - Income TaxAssessment - Search and seizure - there was a search at the group premises as noted by the Assessing Officer – Held that:- When the search was conducted at the premises of Shri Subhash Gambhir, no amount of money, bullion, jewellery or other valuable article or thing or books of account or documents seized belonged to the present assessee - No such valuable article or thing or any books of account or documents have been referred even in the assessment order for framing assessment under section 153C of the Income-tax Act, 1961. Since for all these years, the returns were originally filed and processed and since no additional material is found pertaining to the assessee which is held to be belonging to the assessee, the Assessing Officer does not assume jurisdiction for framing assessment under section 153C read with section 153A of the Income-tax Act, 1961
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