Proceedings u/s. 153A bad-in-law as no certificate issued as per rule 112F: ITAT Mumbai

Vijay Madan Varma Vs ACIT (ITAT Mumbai) ITAT Mumbai held that proceedings u/s. 153A of the Income Tax Act is bad in law since case falls within parameters of rule 112F r.w. third proviso to section 153A, however, no certificate was issued by investigating officer even when cash was found during election period. Facts- Vide the present appeal, the assessee has mainly challenged the validity of proceedings u/s.153A on the ground that the ld. AO has passed the assessment order without following the requirement and procedure laid down in Rule 112F r.w.s.153A read with third proviso. Conclusion- He...