2020 (3) TMI 404 - SCH - Income Tax

Validity of assessment u/s 153A - Merely visiting the premises on the pretext of concluding the search but not actually finding anything new for being seized cannot give rise to a second panchnama - HELD THAT - Two weeks further time is granted to the learned counsel for the appellant to file an affidavit of valuation and Ad valorem court fee, failing which, the Appeal shall stand dismissed for non-prosecution automatically without further reference to the Court.

Summary

The Supreme Court granted two weeks for the appellant to file an affidavit of valuation and Ad valorem court fee, failing which the appeal will be dismissed for non-prosecution.