Proceeding Initiated u/s 148 for Incriminating material found against a person other than Searched Person is beyond Jurisdiction: ITAT [Read Order

ITAT - Jurisdiction - Bangalore bench - Bangalore bench - TAXSCAN

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the proceedings initiated under Section 148 of the Income Tax Act, 1961 for the incriminating material found against a person other than the searched person is beyond the jurisdiction. The appellant firm purchased a piece of land measuring 52152 sq.ft. known as “Minerva…

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