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2021 (3) TMI 512 - AT - Income TaxAssessment made u/s 158BD read with Section 158BC - whether no incriminating documents and undisclosed assets belonging to assessee were found during the course of search and seizure operations conducted by Revenue against Shri Munna Lal, husband of the assessee? - assessee had contended before ld. CIT(A) that all investments in properties were disclosed in wealth tax returns filed by assessee, and hence proceedings u/s 158BD are bad in law - Whether search warrants were issued by Revenue on a deceased person namely Mr. Munna Lal Verma who expired on 06.10.1999 and the search having taken place on 08.12.2009? - HELD THAT:- The assessee in the instant case before us, participated and co-operated in proceedings before the lower authorities as detailed and never raised this issue of invalidity of search on the grounds that the search warrant was issued in the name of deceased person. The Revenue has claimed that it has unearthed incriminating material and undisclosed assets pertaining to assessee during the course of search operations conducted by it on the husband of the assessee namely Shri Munna Lal Verma , on 08.12.1999. Thus, the proceedings conducted u/s 158BD cannot be held to be bad in law in the instant case, which is in consonance with ratio of decision of Hon’ble Apex Court in the case of Gunjan Girishbhai Mehta [2017 (3) TMI 1529 - SUPREME COURT].
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