THE COMMISSIONER OF INCOME TAX AND ANR vs. M/S GOLDSTONE CEMENTS LTD.
ITA/10/2022HC Gauhati28 Sept 2023
Bench: HONOURABLE THE CHIEF JUSTICE,HONOURABLE MRS. JUSTICE SUSMITA PHUKAN KHAUND
Section 153ASection 260ASection 68
2) is unearthed during the course of
search and the acquisition of such an ‘asset’ being
unexplained or undisclosed, which is valued Rs. 50
Lakhs or more, that the AO can be said to be in
possession
of
the
jurisdictional
fact
to
initiate
proceedings u/s 153A for 7th-10th AY (AY 2011-12, in
the instant case). Now, to understand
