Documents found in possession of any person during search is presumed belonging to such person

Trishul Buildtech Infrastructure (P) Ltd. Vs JCIT (ITAT Bangalore)

ITAT Bangalore held that u/s. 292C of the Income Tax Act, there is a presumption that the documents found in the possession or control of any person in the course of search, belongs to such person and contents of such document are true.

Facts-

The assessee is a partnership firm. There was a search and seizure operation carried out u/s. 132 of the Income-tax Act, 1961 in t

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