Abraham, Swargachitra Films, completed assessment on a total undisclosed income of Rs.1,29,43,770/. However, the Assessing Officer based on materials received during search in the premises of the respondent-assessee as well as the distributor namely, Sri. Pursuant to notice under Section 158BC of the Act, assessee filed return in Form 2B returning undisclosed income for the entire block period totaling Rs.38.58 lakhs. Search was conducted in the premises of the respondent-assessee on wherein several documents and accounts were seized by the Income Tax department. We have heard the appeals relating to all the three assessees together and are disposing of the same by separate judgments.Ģ. Abraham alias Appachan, respondent-assessee and also his brother Sri. During search, incriminating documents and accounts were seized from all the assessees which led to block assessment under Section 158BC of the Act in the name of three assessees namely, Sri. Khais who is the brother of the respondent-assessee from to. Appachan as well as the respondent-assessee and another film producer by name Sri. The Income-tax Department conducted search under Section 132 of the Income Tax Act (hereinafter called “the Act”)in the residence and business premises of Sri. ![]() ![]() ![]() Several of the films produced or directed by the respondent-assessee were distributed through Sri. – The respondent-assessee is engaged in film production and direction.
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