{"id":52324,"date":"2025-03-24T12:39:44","date_gmt":"2025-03-24T07:09:44","guid":{"rendered":"https:\/\/itatonline.org\/digest\/polisetty-somasundaram-v-dy-cit-2024-115-itr-548-visakhapatnam-trib\/"},"modified":"2025-03-24T12:39:44","modified_gmt":"2025-03-24T07:09:44","slug":"polisetty-somasundaram-v-dy-cit-2024-115-itr-548-visakhapatnam-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/polisetty-somasundaram-v-dy-cit-2024-115-itr-548-visakhapatnam-trib\/","title":{"rendered":"Polisetty Somasundaram v. Dy. CIT (2024) 115 ITR 548 (Visakhapatnam) (Trib)"},"content":{"rendered":"<p>Allowing the appeal the Tribunal held that subsequent panchnama revoking prohibitory order without seizure of material\u00a0 the time limit is not extended.\u00a0 Restraint order not lifted within one month of assessment order.\u00a0 Release of prohibitory order, panchnama and assessment order is\u00a0 invalid\u00a0 referred\u00a0 Central Board Of Direct Taxes Circular, Dated 3-7-2002.\u00a0 Last panchnama cancellation of restraint order is considered as\u00a0 second Panchnama\u00a0 is not last panchnama of conclusion of search. Order is barred by limitation.\u00a0 Use of electronic documents used as evidence\u00a0 the mandatory conditions of Section 65B\u00a0of Indian Evidence Act is not complied with hence not admissible as evidence. As regards\u00a0 bogus purchases,\u00a0\u00a0 cash purchase of tobacco from grey market is concerned estimation of profit at 12.5 Per Cent. is held to be\u00a0 proper.\u00a0 <em>(<\/em>AY. 2012-13 to 2020-21)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153B : Assessment-Search-Time limit-Limitation-Last panchanama-Subsequent panchnama revoking prohibitory order without seizure of material-Time limit is not extended-Restraint order not lifted within one month of assessment order-Central Board Of Direct Taxes instruction-Release of prohibitory order,panchnama and assessment order is  invalid-Central Board Of Direct Taxes Circular, Dated 3-7-2002-Last panchnama cancellation of restraint order-Second Panchnama  is not last panchnama of conclusion of search-Electronic documents used as evidence-Mandatory conditions of Section 65B of Indian Evidence Act is not complied with-Not admissible evidence-Bogus purchases-Cash purchase of tobacco from grey market-Estimation of profit at 12.5 Per Cent. is proper.  [S. 132(3), 132(8A), 143(3) 153A, Indian Evidence Act, 1872, S.65B (2)(d), 65B(4)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-52324","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dBW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=52324"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52324\/revisions"}],"predecessor-version":[{"id":52325,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52324\/revisions\/52325"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}