Search proceedings valid if jurisdictional facts exist for assumption of section 153A & 153C jurisdiction

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 Mis

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