Seized material used in assessment proceeding is to be shared with assessee: Karnataka HC

Thasil Babu Vs DCIT (Karnataka High Court)

Karnataka High Court held that the seized material that is used in the assessment proceeding against the petitioner is required to be shared with the petitioner/ assessee. Hence, matter remanded back.

Facts- The petitioner has challenged the assessment order dated 24.03.2024 passed by respondent No.1 u/s. 147 of the Income Tax Act, 1961. The case of the petitioner is that during the assessment proceedings, the respondent has relied on certain seized material and statements of certain persons and on the basis of such

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