Mere name in panchnama cannot be treated as authorisation to conduct search

Misty Meadows Private Limited versus Union of India and Others (Punjab and Haryana High Court) Invoking of Section 153A of Income Tax Act merely on the basis of ‘panchnama’ in absence of execution of search u/s 132 of the Income Act Section 153A of the Income Tax Act, 1961, is a crucial provision dealing with income assessment in cases of search or requisition. It empowers the Assessing Officer to issue notices requiring the furnishing of income returns for specified assessment years. Section 153A starts with a non obstante clause. This article delves into the intricacies of Secti...