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2004 (11) TMI 19 - HC - Income TaxNotice u/s 148 - officers of the search party with the help of gas cutter cut open the safe and took away the sum of Rs. 2,19,000 and pawned articles kept therein on the ground that it belonged to Prem Kumar Jain. In the course of search Prem Chandra Jain gave his statement stating therein that the cash and pawned articles found from the safe of Smt. Shyama Devi did not belong to him, it either belong to Smt. Shyama Devi or to her son and he had nothing to do with the same. - it is not clear as to in whose hands the amount in question has to be assessed. Thus, the Income-tax Officer was justified in taking proceedings under section 147 of the Act for assessing the aforesaid amounts at the hands of the petitioner according to the claim made by the petitioners
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