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2006 (8) TMI 149 - HC - Income TaxJurisdiction to complete Assessment u/s 158BD r/w section 143(3) - search and seizure operations - warrant of authorization u/s 132 - Addition of undisclosed income of the block period - HELD THAT:- As per section 158BD, the relevant material ought to have been handed over to the Assessing Officer having jurisdiction over such other person and that the Assessing Officer shall proceed against such other person as provided u/s 158BD of the Act. In view of the facts which are not disputed clearly section 158BD of the Act is attracted, thus, the Assit. CIT (Investigation), was not having jurisdiction, thus, the order passed by the Appellate Tribunal is found to be correct. Direction issued to hand over the relevant material to the Assessing Officer having jurisdiction over such other person is found to be proper, thus, no case for interference in this appeal is made out. Substantial question of law No. (i) is also answered against the appellant. Resultantly, the appeal is hereby dismissed.
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