Validity of assessment u/s 153C - real owner of the document ...

Court Rules Assessee-Firm Not Owner of Seized Document; Section 153C Assessment Validity Questioned Under Income Tax Act.

March 30, 2016

Case Laws Income Tax AT

Validity of assessment u/s 153C - real owner of the document seized - the presumption cast under provisions of section 132(4A) of the Act, comes into play. - even the provisions of section 292C(1) also provide the same. This presumption was not rebutted by the AO of the searched person - assessee-firm cannot be said to be the owner of the document seized. - AT

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Validity of assessment u/s 153C - real owner of the document ...

Court Rules Assessee-Firm Not Owner of Seized Document; Section 153C Assessment Validity Questioned Under Income Tax Act.

March 30, 2016

Case Laws Income Tax AT

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