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2012 (8) TMI 98 - HC - Income TaxWarrant issued in joint name - assessee contested the assessment could not have taken place in the name of an individual - Held that:- As the warrant of authorization u/s 132 has been issued on 10th November, 2006 in the joint name of three persons, therefore in view of the provisions of Section 292CC, as inserted by Finance Act, 2012 in the Income-tax Act, 1961 with retrospective effect from 1st April, 1976 ) if an authorization has been issued under Section 132 or requisition under Section 132A in the name of more than one person, the assessment or reassessment can be made separately in the name of each of the persons mentioned in the authorization/requisition As the assessments made in the individual capacity of each persons named in he warrant of authorisation was perfectly within the jurisdiction of the AO and the CIT(A) - the Tribunal were not justified in annulling the assessment that if the warrant of authorisation was issued jointly in the name of more than one person, the assessment could not have been made in the capacity of an individual - remand the matter to the CIT (A to decide the appeals on merits - in favour of revenue.
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