Supreme Court · 2022 INSC 349 · Decided 28 March 2022
Deputy Commissioner of Income Tax (Central) Circle 1(2) v. M/S. M. R. Shah Logistics PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 349 · [2022] 14 S.C.R. 1078
- Case number
- CIVIL APPEAL No. 2453/2022
- Decided
- 28 March 2022
- Bench
- UDAY UMESH LALIT, S. RAVINDRA BHAT (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 147, 148, 143
Headnote
Income Tax Act,1961- ss.147, 148, 143 - "Reasons to believe" - Finance Act, 2016 - Chapter IX- Income Declaration Scheme (IDS) - Search proceedings were conducted by Revenue at the office premises of one materials and documents were seized - Revenue was of the opinion that the assessee was also a beneficiary of the business (of accommodation entries provided by 'SCS') through bogus companies - This was based on the fact that many companies which invested amounts towards
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