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Search proceedings valid if jurisdictional facts exist for assumption of section 153A & 153C jurisdiction
Case Law Details
- Case Name
- S. R. Trust Vs ACIT (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All High Courts, Madras High Court
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S. R. Trust Vs ACIT (Madras High Court)
Conclusion: Search proceedings had been rightly initiated as assessee had nothing to fear, they could as well place all the materials before AO for consideration and more so, the jurisdictional facts exist for assumption of jurisdiction under Section 153A as well as Section 153C of the Act.
Held: Assessee was a public charitable trust enjoying exemption under the Income Tax Act. It was running a hospital in the name and style of “Meenakshi Mission Hospital and Research Centre (MMHRC)” at Madurai. Search was conducted which yielded certain incriminati...
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