PR. COMMISSIONER OF INCOME TAX- vs. DR. RANJAN PAI
In the result, we do not find any merit in this
ITA/501/2016HC Karnataka15 Dec 2020
Bench: ALOK ARADHE,H.T. NARENDRA PRASAD
Section 132Section 139(1)Section 142(1)Section 143(2)Section 260Section 260ASection 56(2)(v)Section 56(2)(vii)
seizure
operation under Section 132 of the Act was conducted in
the premises of the assessee on 12.04.2011 and during
the course of the search, some books of accounts, notes
and materials were seized. The statement of the
assessee was also recorded on 10.06.2011 and after
considering the seized material, the assessee admitted
an amount of Rs.12.03 Crores
