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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Penalty u/s 271AAA - Assessment u/s 153C - search and seizure ...

Income Tax

September 29, 2018

Penalty u/s 271AAA - Assessment u/s 153C - search and seizure proceedings u/s 132(1) not carried out against the assessee - the primary condition of section 271AAA remains unsatisfied - No penalty.

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  3. Initiation of search and seizure u/s 132 - stock-in-trade of business cannot be seized during search and seizure operations conducted on or after June 1, 2003 - HC

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  9. Assessment u/s 153C - the concerned documents/diaries did not emanate from out of seizures made in the course of search action - AT

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