Shanti Prime Publication Pvt. Ltd.
Sec. 69 & 153A of Income Tax Act, 1961—Assessment - The AO in his report did not dispute the fact that name of the assessee did not feature in any of the panchamas drawn up upon conclusion of the search, but he furnished a copy of the warrant of authorization which proved that the assessee’s name featured therein. Therefore, although the name of the assessee does not feature in the panchnama but in view of the fact that warrant of authorization executed by the Department contained its name, the proceedings u/s 153A were validly initiated against the assessee. - ASSTT. CIT V/s MAJESTIC COMMERCIAL PVT. LTD. -  185 ITD 818 (ITAT-KOLKATA)