Wednesday, 28 May 2014

AO can proceed against other person under sec. 158BC only if AO of searched person records his satis

IT : In order to clothe Assessing Officer of person other than searched person with jurisdiction to proceed against such a person under section 158BC, it is necessary that Assessing Officer of searched person has to be satisfied, that any undisclosed income belongs to any person other than person searched or whose books of account or other documents are requisitioned


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