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AO to record satisfaction regarding existence of undisclosed income before proceeding u/s. 153C of the Act
Case Law Details
- Case Name
- Beejay Security & Finance Ltd. Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2001– 2002
- Courts
- All ITAT, ITAT Mumbai
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Beejay Security & Finance Ltd. Vs ACIT (ITAT Mumbai)- Satisfaction is required to be arrived at by the AO of the person who was searched under s 132 of the Act regarding any undisclosed income of the person who was not subjected to a search to hand over the seized material to the AO of the person to whom the seized documents belongs or is alleged to belong. The satisfaction required for proceedings under s 153C cannot be reduced to a mere formality of forwarding the documents found in the course of the search, which did not belong to the person searched, and which belonged to the perso...
