Rectification application dismissed in absence of substantial or collateral proceedings pending before AO

ITO Vs Krishna Kumar D Shah (ITAT Hyderabad)

ITAT Hyderabad held that in absence of any substantial proceeding or collateral proceedings pending before AO, AO was right in not entertaining the application for rectification filed by the assessee.

Facts- A search operation u/s 132 of the I.T.Act was initiated in the case of 1st assessee, namely, Shri Krishna Kumar D. Shah, being the Kartha of HUF at his residential premises. Simultaneously, a search action was conducted in r

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