Dear all ,
There has been search and Seizure by the IT Department in premises of Mr.X and they found a bank locker key and after searching they found an undisclosed amount in the locker .
The locker was in the name of Mr.Y ,who opened the locker on request of Mr.X for his use and Mr.Y has never used this locker nor he has any knowledge of the valuables kept in locker
After identifying by dept that locker was of Mr.Y they have questioned Mr.Y and Mr. Y gave a statement that he has no belonging and usage of the locker and he has opened the locker only for use of Mr.X and even Mr.X has given a Statement that the undisclosed amount is of Mr.X only .
Now the dept has given a notice to Mr.Y asking u/s 143(2) asking details regarding the search and Seizure
Can anyone help me with some relevant case laws regarding the issue where Mr.Y is respondent.
Menu
Search and assessment
Replies (2)
Quick Summary
No need to rely on any case law.
go with your own ideas and arguments.
mr. y was acting as an agent or a bailee. there is no concealed income or assets of mr. y has also given statement on oath before an Income tax authority. if u have a copy then give it to your AO.
go with your own ideas and arguments.
mr. y was acting as an agent or a bailee. there is no concealed income or assets of mr. y has also given statement on oath before an Income tax authority. if u have a copy then give it to your AO.
Ok thank you 😊
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
