Tuesday 12 November 2013

Sec. 158BD notice quashed as no incriminating doc relating to assessee found during search of third

IT: Where no documents pertaining to assessee was found/seized in search carried out at premises of third person and Assessing Officer having jurisdiction over third person had also not recorded his satisfaction that assessee had undisclosed income, proceedings under section 158BD initiated against assessee were invalid and liable to be quashed


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