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2009 (3) TMI 419 - HC - Income TaxBlock Assessment under section 158BC– Search and Seizure – The Income tax authorities conducted a raid in the residence of the assessee. A large number of documents and other incriminating materials were seized during the course of search. Assessment for the block period was done in terms of section 158BC of the Income Tax Act, 1961. In this case Patna High Court-held that there is no merit in this appeal. In so far as the first question is concerned, we are convinced that the three ingredients engrafted in section 132 of the Act which constitute a valid search are satisfied in the present case, is answered against the assessee, and in favour of the Revenue. As to the second question, materials were indeed collected during the course of the search which led to the order of assessment. The second substantial question of law is also answered against the appellant, and in favour of the Revenue. The appeal is dismissed. – Decision in favor of revenue – against the assessee.
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