Tuesday 6 August 2013

Rejection of impugned material to initiate proceedings against HUF would quash proceedings against k

IT : Where search proceedings were initiated against assessee as he was carrying gold ornaments belonging to HUF, in view of fact that search proceedings in respect of said gold ornaments had been quashed in case of HUF itself, proceedings so initiated against assessee on basis of same material were also liable to be quashed


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