Friday, March 19, 2021

Intimation by police won’t confer jurisdiction on AO to issue search warrant for any future contingency: HC

INCOME TAX : Intimation by police would not confer jurisdiction on revenue to detain and withhold cash by issuance of an invalid search warrant under section 132 for a future contingency, since revenue had no reason to believe that assessee would not disclose cash transaction in return of income

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000197848/intimation-by-police-won’t-confer-jurisdiction-on-ao-to-issue-search-warrant-for-any-future-contingency-hc.aspx

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...