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2018 (2) TMI 427 - AT - Income TaxValidity of proceedings u/s 153A - proof of incriminating material/document/evidence - Held that:- As decided in assessee's own case there is no denial that no incriminating material was found at the time of search proceedings. It is also an undisputed fact that prior to the date of search, the assessee had filed Wealth Tax returns. The only evidence which came to the notice of the search party were the Wealth Tax Returns filed by the assessee. In our considered opinion, the Wealth Tax Returns of the group, by any stretch of imagination, cannot be considered as incriminating material in the hands of the assessee. Except for this, there is nothing on record to suggest any incriminating material/document/evidence - Decided in favour of assessee.
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