In the result, the appeal of the assessee is allowed for statistical purposes and appeal of the revenue is dismissed
Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us
seizure action u/s 132 of the Income-tax Act, 1961 was conducted at the various premises of Shri Manish Saraogi, Shri Naresh Poddar & Naresh Burman Group of Katni on 21.03.2016. A search action u/s 132 was executed on 4 premises which included residence of Shri Manish Saraogi, Shri Naresh Poddar and Shri Naresh Burman and survey u/s 133A