2009 (5) TMI 581 - HC - Income Tax

Prohibitory order u/s 132(3) - Do not find any error in the findings recorded by the learned Tribunal - It was contended that the panchnama dated 3-1-2003 was required to be prepared at that time, and there is nothing to show, much less to assume, that at that time it was prepared with intention to extend the time-limit - Suffice it to say that nothing was done on 3-1-2003 except merely preparing the panchnama commencing the search at 5.05 pm and concluding at 5.15 pm - Hence, the matter the appeal is dismissed.

Summary

The High Court of Rajasthan dismissed the appeal as it found no error in the Tribunal's findings. The court noted that the search and prohibitory order were completed by 21-12-2002, and there was no evidence of an extension. The appeal was therefore dismissed.