Survey cannot be converted into Search by Income Tax Authority without Recording satisfaction: ITAT [Read Order]

Survey - converted - Income Tax Authority - satisfaction - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Surat Bench has held that the survey cannot be converted into search by Income Tax Authority without recording satisfaction. The assessee firm, Raj Enterprise is engaged in the business of construction of the development of plots and bungalows. The assessee-firm filed its return of income for the A.Y. 2008-09…

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