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| The Tax Publishers2020 TaxPub(DT) 3742 (Guj-HC) INCOME TAX ACT, 1961
Section 153C
Considering the submissions advanced by the assessee, it was directed to issue notice returnable on 7-1-2019 and further, by way of ad-interim relief, the AO was permitted to proceed further with the assessment, along with a direction that he should not pass the final order without the permission of the High Court.
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Search & seizure - Notice under section 153C - No documents or material belonging to assessee found -
Assessee challenged the notice, dated 26-3-2018 issued by AO under section 153C. He submitted that the search had taken place in case of 'H' group. However, during the course of such search, no documents or material belonging to the assessee were found despite which, the AO wished to assess the assessee on the basis of the material collected during such search relying on the amendment in section 153C with effect from 1-6-2015. Held: Considering the submissions advanced by the assessee, it was directed to issue notice returnable on 7-1-2019. Further, by way of ad-interim relief, the AO was permitted to proceed further with the assessment, along with a direction that he should not pass the final order without the permission of the High Court.
REFERRED :
FAVOUR : Notice issued
A.Y. :
IN THE GUJARAT HIGH COURT
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