AdvertisementACIT Vs Maulik Jayantilal Patel (Supreme Court of India) A search under Section 132 of the Income-tax Act, 1961 was conducted on 15.10.2019 in the case of the Land Broker & Financer Group, Ahmedabad, during which digital images of a memorandum of understanding (MoU) were recovered from the mobile phone of Shri Dhaval Teli. Based on the search, the Assessing Officer (AO) issued notices dated 13.10.2021 under Section 153C to the respondents for Assessment Years 2014-15 to 2020-21. The respondents filed returns, sought the recorded satisfaction notes, raised objections to the assumption of ju...