Section 292BB doesn’t cure complete absence of notice it cures only manner of service of notice

JCIT Vs ACE Mega Structure Pvt. Ltd. (ITAT Delhi) ITAT Delhi held that provisions of section 292BB of the Income tax Act doesn’t cure complete absence of notice. Section seeks to cure only the manner of service of notice. Facts- ACE Group of Companies is presently engaged in various businesses of real estate and development in Noida and Greater Noida. M/s. ACE Mega Structure Pvt. Ltd is one of the group companies. During the course of search in the case of M/s. Crest Promoters Pvt. Ltd. various incriminating documents were found and seized. Consequently, a survey u/s. 133A of the Income Tax ...