SHRI NITIN SHARMA,JABALPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -2, JABALPUR
In the result, the appeal is partly allowed
ITA 25/JAB/2019[2014-15]Status: DisposedITAT Jabalpur28 Sept 2020AY 2014-15
Bench: Shri N.R.S. Ganesan & Shri Sanjay Arora
Section 132(4)Section 142(1)Section 143(2)Section 143(3)Section 153A(1)Section 153CSection 153C(1)Section 153DSection 263Section 7(1)
section, as long as the source of power exercised is available, would be of no moment (L. Hazarimal
Kuthiala (supra); Hukumchand Mills Ltd. v. State of Madhya Pradesh & Anr.
[1964] 52 ITR 583 (SC)). There are in fact several aspects to the matter – all in favour of saving the assessment proceedings, and even if the seized material had been
