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The Tax Publishers2019 TaxPub(DT) 0672 (Visakhapatnam-Trib) INCOME TAX ACT, 1961
Section 153C
Since assessee had not cooperated with department and failed to furnish the required information in spite of several notices and opportunities provided by AO as well as CIT(A), therefore ground raised by assessee was dismissed.
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Search and seizure - Assessment under section 153C - No efforts from assessee to furnish required information -
During the course of search under section 132, incriminating material was found and seized indicating undisclosed income of assessee from the premises of searched person. Consequently, a notice under section 153C was issued by AO. Subsequently, AO had issued notice under section 143(2) which was served on assessee but there was no response from assessee. Therefore, AO issued a letter to assessee giving final opportunity to submit the information for which the assessee has not responded except submitting the copies of bank statements. Held: There was no mention with regard to the date of requesting the seized material and supply of the seized material by AO. Having received the copies of the seized material from AO, at the time appeal also assessee did not make any effort to analyse the seized material. Therefore, from the perusal of the assessment order, it was assessee who had not cooperated with department and failed to furnish the required information in spite of several notices and opportunities provided by AO as well as CIT(A). Thus, ground raised by assessee was dismissed.
REFERRED :
FAVOUR : Against the assessee
A.Y. :
INCOME TAX ACT, 1961
Section 68
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