https://www.taxtmi.com/caselaws?id=70673 The Appellate Tribunal ITAT MADRAS-D considered the validity of search warrants and Panchnama issued under section 132 of the Income-tax Act for the block assessment year. The assessee argued that the common warrant and Panchnama were invalid as they targeted a single individual, while the Departmental Representative contended that the actions were valid. The Tribunal found that the authorities had sufficient grounds to believe in undisclosed income, issued the warrant and Panchnama separately against the concerned assessees, and upheld the Department's arguments, deeming the actions valid based on legal provisions and past judgments. en-us Thu, 30 Nov 2006 00:00:00 +0530 Fri, 14 Jun 2013 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70673 The Appellate Tribunal ITAT MADRAS-D considered the validity of search warrants and Panchnama issued under section 132 of the Income-tax Act for the block assessment year. The assessee argued that the common warrant and Panchnama were invalid as they targeted a single individual, while the Departmental Representative contended that the actions were valid. The Tribunal found that the authorities had sufficient grounds to believe in undisclosed income, issued the warrant and Panchnama separately against the concerned assessees, and upheld the Department's arguments, deeming the actions valid based on legal provisions and past judgments. Case-Laws Income Tax Thu, 30 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70673