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 …