Proceedings u/s 153 can’t Invalidate without examining incriminating material found in Search: ITAT [Read Order]

incriminating material - ITAT - taxscan

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that proceedings under section 153 can’t be invalidated without examining incriminating material found in the search. The assessee, Ashok Developers & Builders Ltd engaged in the business of construction, filed its return of income declaring a total income of Rs.6,61,44,100/-. A search & seizure…

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