TMI Blog2022 (5) TMI 1483X X X X Extracts X X X X X X X X Extracts X X X X ..... n view of the fact that the material relied upon by the Assessing Officer is out of the information alleged to have been received under assessment order of searched persons, the matter requires consideration - HELD THAT:- The respondents are at liberty to file affidavit-in-reply on or before 10.6.2022 and copy thereof be served on the learned Counsel appearing for the petitioner. Simultaneously, r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hus, the action if any, which could be initiated by the Assessing Officer is to be only under Section 153-C of the Income Tax Act, in view of the fact that the material relied upon by the Assessing Officer is out of the information alleged to have been received under assessment order of searched persons, the matter requires consideration. 2. The respondents are at liberty to file affidavit-in-r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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