2013 (12) TMI 187 - ITAT MUMBAI
State Bank of India Versus Deputy Commissioner of Income-tax
Whether reopening of assessment proceedings u/s 148 valid or not The assessee has claimed refund on excess depreciation wrongly calculated on valuation of securities by the assessee After completing assessment u/s 143(3) the AO reopened the asses ......
2013 (12) TMI 135 - ITAT HYDERABAD
DEPUTY COMMISSIONER OF INCOME TAX Versus AMR INDIA LTD
Assessment u/s 153A - Sub-Contract payments Books of accounts not maintained - Held that:- The assessee was reopened under section 153A - In all the four years, the assessments have been completed u/s 143(3) after examining the books of account - T ......
2013 (12) TMI 133 - ITAT DELHI
Tarun Goyal and Others Versus ACIT Central Circle-4, New Delhi
Modus operandi - Providing accomodation entries - Held that:- The assessee has indulged in circular and multiple transactions, by layering through floatation of more than 90 companies - Huge amount of cash has been deposited and transferred to and fr ......
2013 (12) TMI 131 - ITAT DELHI
DEPUTY COMMISSIONER OF INCOME TAX Versus M/s RPS INFRASTRUCTURE LTD
Validity of assessment u/s 153A Held that:- Assessing Officer has issued a notice u/s 142(1) read with section 153A - No separate notice prescribed in the Income-tax Rule u/s 153A - Notice issued u/s 142(1) read with section 153A of the Act was suf ......
2013 (11) TMI 1482 - ITAT DELHI
Shri Tej Pal Singh, Shri Parminder Chadha Versus ACIT, CC 1, Faridabad
Long term capital gain Sale of plot of land - The Income Tax Department while conducting search at the premises or Piyush Group received a document from "anonymous sources" through fax purporting to be an Agreement to Sale of the said Property - ......
2013 (11) TMI 940 - ITAT MUMBAI
SATISH L BABLADI Versus DEPUTY COMMISSIONER OF INCOME TAX
Assessment u/s 153A - Name not appearing on warrant or authorization (WOA) - search being authorized in the name of more than one person - Held that:- even assessment in the hands of the person/s other than whose names stand mentioned in the WOA, as ......
2013 (11) TMI 722 - ITAT DELHI
DCIT, CC-23, New Delhi Versus M/s. Rama Krishna Jewellers, C/o M/s. RRA Taxindia
Additions u/s 68 of the Income tax act - Search was conducted in the case of the assessee on 20.01.2006 when certain incriminating documents were seized. Subsequently, notice u/s 153A of the I. T. Act, 1961 were issued requiring the assessee to furni ......
2013 (11) TMI 677 - ITAT DELHI
ACIT, New Delhi Versus Pradeep Kumar Kumra
Assessment u/s 153A after search - No assessment is pending u/s 143(2) - whether addition/disallowance can be made to the income of the appellant u/s 153A of the Act which is not based on any incriminating material found and seized during the search ......
2013 (11) TMI 665 - ITAT DELHI
Kusum Gupta Versus DCIT, Central Circle-15 New Delhi
Addition made during the assessment u/s 153A of the Income Tax Act - Addition u/s 68 of the Income tax act No incriminating documents found during search Assessment has not been abated Held that:- In assessments that are abated, the AO retains ......
2013 (11) TMI 375 - ITAT PUNE
ASSISSTANT COMMISSIONER OF INCOME TAX Versus ALI AKBAR JAFARI
Valuation u/s 50C - sale of plots - Investment in purchase and sale of plots by a builder who is indulged in selling buildings is ancillary and incidental to his business activity - assessee has treated the land as stock in trade - Held that:- Stock ......
2013 (11) TMI 374 - ITAT HYDERABAD
M/s. GSP Infratech Development Ltd. Versus Asstt. Commissioner of Income-tax
Assessment u/s 153A Disallowance of labour and site expenses @ 7 percent Most of the vouchers are self-made, payments have been made in cash and the identity of the payees were not provided completely to make any verification - Held that:- The la ......
2013 (11) TMI 179 - ITAT MUMBAI
Sanket Food Products P. Ltd Versus The Asst Commr of Income Tax
Notice u/s 153A to be invalid Notice issued not in accordance with section 282 of the Income Tax Act Held that:- As held by Commissioner(A), no search and seizure action u/s.132(1) was carried out in the premises of appellant and hence notice u/s ......
2013 (11) TMI 75 - ITAT BANGALORE
The Deputy Commissioner of Income-tax Versus M/s United Spirits Ltd.
Jurisdiction of assessment u/s 153C of the Income Tax Act - Whether the assessing officer was within his sphere to call upon the appellant to furnish its returns of income on the solitary reasoning that the appellants was also one of the members of ......
2013 (11) TMI 4 - ITAT MUMBAI
Shri Deepen A. Parekh Versus A. CIT, Central Circle-20 Mumbai
Assessment u/s 153A of the Act - How the assessment to be done when there in pendency and no incriminating documents found Held that:- Assessment to be done on the original figures of final assessment Reliance has been placed upon the case of AC ......
2013 (10) TMI 972 - ITAT JODHPUR
Shri Parma Ram Bhakar Versus The DCIT, Central Circle-1, Jodhpur
Validity of search u/s 132(1) of the Income Tax Act Validity of assessment order passed on the basis of invalid search Held that:- Search was conducted only on the basis of the information received from S.P. C.B.I. that undisclosed cash being car ......