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Income Tax Case Laws - Section: 133

 

Income Tax

Cases for Section: 133
 
Showing 1 to 15 of 103 Records
 

2014 (8) TMI 122 - ALLAHABAD HIGH COURT

State of UP. And Another Versus The Commissioner, Income Tax And 3 Others

Notice u/s 133(6) requiring Sub Registrars to furnish information in respect of transactions relating to immovable property of a value between ₹ 5,00,000/- and ₹ 30,00,000/- Held that:- A meeting had taken place when both the Income T ......

2014 (7) TMI 861 - ITAT MUMBAI

Manohar Manak Alloys P. Ltd. DC. Bothra & Co. Chartered Accountants Versus ACIT 4(2), Mumbai

Proportionate interest disallowed Interest free loans and advances given to sister concern - Held that:- The assessee has taken a plea that the total interest free funds available to the assessee company are sufficient to make the interest free adv ......

2014 (7) TMI 561 - GUJARAT HIGH COURT

Commissioner of Income Tax Versus MP. Scrap Traders

Unexplained investment in stock - Whether the Tribunal is justified in coming to the conclusion that retraction made by the assessee from the statement u/s 133(A) of the Act is legal and proper Held that:- The AO solely relied upon the statement of ......

2014 (5) TMI 772 - ITAT DELHI

Cheil India Pvt. Ltd. Versus DCIT, Circle 3(1), New Delhi

Transfer pricing adjustment Determination of ALP Held that:- The assessing authority issued notice u/s 133(6) to M/s Magnum Interior P. Ltd. on 28-1-2014 - the party did not furnish any detail except balance confirmation, the AO proceeded to add ......

2014 (5) TMI 397 - ITAT DELHI

Income Tax Officer Versus Shri Sandeep Aggarwal

Disallowance of bogus lorry hire expenses Failure to produce documents Information u/s 133(6) of the act cannot called - Held that:- If the broker has not replied to the letter of the AO, no adverse inference can be drawn against the assessee - t ......

2014 (5) TMI 73 - ITAT MUMBAI

Nimbus Communication Ltd Versus Addl. Commissioner of Income Tax

Transfer pricing adjustment Determination of ALP of International License Revenue - Cost of international rights Held that:- What is the exact amount which is payable to the BCCI in the relevant financial year because this is the only basis of th ......

2014 (4) TMI 240 - MADRAS HIGH COURT

KULATHUPUZHA SERVICE CO-OPERATIVE BANK LTD. Versus THE INCOME TAX OFFICER (INTELLIGENCE) AND UNION OF INDIA

Powers available to assessing officer u/s 133(6) of the Act Held that:- The decision in Kathiroor Service Co-operative Bank Ltd. and Others vs. Commissioner of Income Tax and Others [2013 (11) TMI 728 - SUPREME COURT] followed - The opinion of the ......

2014 (2) TMI 1118 - KARNATAKA HIGH COURT

COMMISSIONER OF INCOME TAX AND ASSISTANT COMMISSIONER OF INCOME TAX Versus M/s VASUDEV CONSTRUCTION

Search u/s 132 of the Act - Block Assessment Reference made to DVO for valuation u/s 133(6) of the Act - Notice under Section 158-BD of the Act issued Held that:- During the course of search, no incriminating documents were traced As on the da ......

2014 (2) TMI 135 - DELHI HIGH COURT

The Commissioner of Income Tax-IV Versus Empire Builtech Pvt. Ltd.

Deletion made u/s 68 of the Act Notices issued u/s 133(6) of the Act Burden to prove Held that:- The investors not only did not submit any confirmation and had concededly reported far less income than the amounts invested, the assessee could no ......

2014 (1) TMI 1489 - ANDHRA PRADESH HIGH COURT

Kernex Micro Systems (India) Ltd. Versus Deputy Commissioner of Income Tax, Hyderabad

Retraction of admission / statement - at the time of assessment the assessee did not retract the aforesaid admission making voluntary disclosure - Held that:- We fail to understand from where the case of retraction has been discovered by the Commiss ......

2014 (1) TMI 1224 - ITAT HYDERABAD

The Income Tax Officer Versus M/s. Trident Shelters Pvt. Ltd.

Deletion made u/s 68 of the Act Purchase of land from unsecured loans - Held that:- The assessee stated that the company purchased land in earlier years with unsecured loans - During this assessment year, the assessee-company allotted shares with p ......

2014 (1) TMI 1139 - ITAT KOLKATA

ACI. T- Cirle-2, Durgapur Versus Sri Rajan Kumar Srivastava

Supressed purchases Held that:- The ld. AO has issued notice u/s 133(6) of the IT Act to M/s. Hadia Steel Limited - A perusal of the information as provided by the seller when compared to the ledger account maintained by the assessee clearly show t ......

2013 (12) TMI 655 - ITAT KOLKATA

DCIT., Kolkata Versus Shri Amar Nath Banerjee

Calculation of value of stock Addition on account of labour charges - Held that:- When both expense and income elements are included in the manufacturing account the balance in manufacturing account cannot be further reduced The valuation of clos ......

2013 (11) TMI 728 - SUPREME COURT

Kathiroor Service Cooperative Bank Ltd. Versus Commissioner of Income Tax (CIB) & Others

Powers available to assessing officer under 133(6) of the Income tax act Power of enquiry, when the cases are not pending - In the instant case, by the impugned notice the assessing authority sought for information in respect of its customers which ......

2013 (10) TMI 314 - GUJARAT HIGH COURT

COMMISSIONER OF INCOME TAX VI. Versus HEENA SHARMA.

Genuineness of gifts received from different sources - Respondent assessee had shown receipt of gifts to the tune of Rs. 65,75,272/- from 12 different persons received through 11 demand drafts issued on a single day i.e. on 21.3.2003. One of the gift ......

 
   
 
 
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