COMMISSIONER OF INCOME TAX CENTRAL -II, KOLKATA vs. ASHOK KUMAR PODDAR

Bench: HON'BLE JUSTICE I. P. MUKERJI,HON'BLE JUSTICE BISWAROOP CHOWDHURY

132A, had been found in the possession or control of that person in the course of a search under section 132.” Mr. Khaitan urged before us that this section by using the words “may presume” and not using the words “shall presume” or by not stipulating that the seized documents would be conclusive proof gave an option to the adjudicator