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2013 (9) TMI 749 - HC - Income TaxSearch and seizure - basis of additions – Whether the Hon'ble ITAT was legally correct in deleting the addition made by the AO on the basis of seized documents found during the search and seizure operation and deciding the appeal by relying on the valuation of stock made by the Excise department though the same was done two days after the date of search. - Held that :- Even if an illegal search does not vitiate the discovery of incriminating document during search and the department may rely on such material, the findings of fact recorded by ITAT based on the inventory prepared by the Central Excise Department and the Court Commissioner satisfied the Tribunal with the stocks reported in the inventories. The satisfaction recorded by ITAT, on such reports does not raise any question of law to be considered by the Court.
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