THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. JOSE THOMAS
ITA/46/2020HC Kerala03 Apr 2024
Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.
For Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
132 of the Income Tax Act
[hereinafter referred to as the “I.T. Act”] was conducted at the
residence of the Sri.Jose Thomas, Smt.Gracy Babu and Sri.P.J.Paulose
on 04.03.2009 and certain documents were seized. An unsigned draft
agreement dated 23.02.2009 was found which indicated that the
amount envisaged for settlement of liability was Rs.43.50 crores and
that the value
