2009 (6) TMI 92 - HC - Income Tax

Appeal to HC new issue assessee allege that search party was not having valid panchnama at time of search - no such allegation was ever raised before the Tribunal nor was any materials placed before the Tribunal by the assessee in support of the said submission - it is not now open to the appellant to raise such a grievance for the first time in this appeal.

Summary

The High Court of Madras dismissed the appeal challenging a block assessment under section 158BC of the Act due to lack of jurisdiction and defects in the search authorization and panchanama. The court held that the appellant cannot raise new grievances on appeal that were not raised before the Tribunal. The appeal was dismissed.