2006 (11) TMI 136 - SC - Income Tax

Seizure - Whether the Tribunal was correct in holding that the presumption under sub-section (4A) of section 132, is only for the limited purpose of passing an order under sub-section (5) of the said section - assessment in the impugned case was framed raising the presumption under sub-section (4A) of section 132 - case is remitted back to the assessing authority for framing the assessment afresh in accordance with law