This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Reason to believe for conduct of search, is not required to be disclosed
Case Law Details
- Case Name
- PDIT Vs Laljibhai Kanjibhai Mandalia (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
PDIT Vs Laljibhai Kanjibhai Mandalia (Supreme Court of India)
Held that, in terms of the explanation inserted by the Finance Act, 2017 with retrospective effect from 1.4.1962, search conducted on the reason to believe is not required to be disclosed to any person or any authority or the appellate tribunal.
Facts-
The assessee provide loan to M/s. Goan Recreation Clubs Private Ltd. on the security of the property of another company. The loan was repaid in five installments. The appellant/revenue believed that the investment and nature of the transaction entered into by the assessee was akin to ...
Author Info
