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2013 (3) TMI 71 - HC - Income TaxAuthorization for search - Status of assessee - existence of AOP/BOI - evidence of existence - essential ingredients - held that:- after the decision rendered by this court in the case of Smt. Vandana Verma (2009 (10) TMI 52 - ALLAHABAD HIGH COURT), the Parliament stepped in and made retrospective amendment by inserting Section 292 CC w.e.f. 1.4.1976 by Finance Act, 2012. The effect of retrospective amendment made in the Income Tax Act came up for consideration before the Full Bench of this Court in the case of Commissioner of Income Tax vs. Devesh Singh (2012 (8) TMI 98 - ALLAHABAD HIGH COURT) and the Full Bench of this Court has held that after the amendment of the Act by insertion of Section 292 CC with retrospective effect from 1.4.1976, even if the authorization had been issued in the joint names of several persons, assessment in the individual names can be made. - Decided in favor of revenue.
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