THE DCIT, TRIVANDRUM vs. M/S.SOUTH EAST EDUCATION TRUST, KOLLAM
In the result, the appeal of the Revenue stands dismissed
ITA 364/COCH/2015[2011-12]Status: DisposedITAT Cochin23 Mar 2017AY 2011-12
Bench: S/Shri Abraham P. George, Am & George George K., Jm
Section 12ASection 132Section 153ASection 40
section 132(4A) of the Act.
“4A) Where any books of accounts, other documents, money, bullion, jewellery or other valuable article or thing are or is found in the possession or control of any person in the course of a search, it may be presumed –
(i) that such books of account, money, bullion, jewellery or other valuable article or thing