It actually was stored one since zero incriminating procedure is retrieved through the the course of research and seizure action, new Ld

It actually was stored one since zero incriminating procedure is retrieved through the the course of research and seizure action, new Ld

Brand new AO together with stated that particular others had been indulged for the providing housing records and you can Assessee company are among recipient out-of such records, financing said to were acquired out-of told you organizations was in fact getting managed while the unexplained borrowing below Area 68 of one’s Work

S. 153C: Testing – Earnings of every other person – Lookup – Analysis significantly less than S. 147/S.148 – gap abdominal initio

The new Determining Officer initiated lso are- research procedures u/s 147 of Work relying on the information acquired built into the certain files discover for the duration of research away from the fresh new premise regarding a third party. Hence, the evaluation is based on the newest data receive from inside the movement from research off 3rd party premise, but that can easily be produced only you/s 153C of Operate. Continue reading …