Assessment Upheld as Material Seized in Search Can Be Used Even if Search Is Later Challenged

Hari Bhoomi Communications Private Limited Vs ACIT (Delhi High Court) In this case, the petitioner challenged an assessment order dated 25.03.2026 issued pursuant to a notice under the Second Explanation to Section 148 of the Income Tax Act, 1961. The notice had been issued on the basis of material recovered during a search conducted at the premises of M/s Kuantum Papers Limited. The petitioner argued that proceedings against the searched person, namely M/s Kuantum Papers Limited, had already been stayed by the Punjab and Haryana High Court by order dated 18.02.2026. According to the petitione...