2014 (8) TMI 827 - ITAT ALLAHABAD
Kesarwani Zarda Bhandar Versus JCIT., Central Circle, Allahabad
Validity of assessments u/s 153A Held that:- For the AYs 2004-05 to 2007-08, the assessee has already filed returns of income within time before the search - assessee produced books of account and relevant details before the AO, which is evident fr ......
2014 (8) TMI 757 - ITAT HYDERABAD
Shri Pradeep Kumar Agarwal, Hyderabad Versus Asst. Commissioner of Income-tax, Central Circle 6, Hyderabad
Assessment made u/s 143(3) r.w. Section 153A Income from salary as well as commission earned from pearls business Failure to furnish name/address of any other firm on whose behalf commission business in pearls was claimed - Held that:- Following ......
2014 (8) TMI 642 - KARNATAKA HIGH COURT
M/s CANARA HOUSING DEVELOPMENT COMPANY Versus THE DEPUTY COMMISSIONER OF INCOME TAX
Assessment u/s 153A Invocation of power of revision u/s 263 - Whether the CIT can invoke the power u/s 263 of the Act to review the order of assessment passed by the Assessing Authority Held that:- In the eye of law there is no order of assessmen ......
2014 (8) TMI 520 - ITAT DELHI
Assistant CIT, Central Circle-17, New Delhi Versus M/s. Paras Dyes & Chemicals
Assessment order u/s 153A - Absence of any incriminating material belonging to assessee Held that:- The return was processed u/s 143(1) of the Act and time limit for issuance of notice u/s 143(2) had expired on the date of search and it was held th ......
2014 (8) TMI 387 - DELHI HIGH COURT
Filatex India Ltd. Versus Commissioner of Income Tax-IV
Admission of appeal Issue not raised before any Assessment authority - Re-computation of book profits Held that:- Assessee contended that the addition is not justified in the assessment order u/s 153A, as no incriminating material was found conce ......
2014 (8) TMI 306 - ITAT AHMEDABAD
ACIT, Central Circle 2(2), l Ahmedabad Versus Mohammed Mohsin Rajabali
Assessment u/s 153A - Additions on account of Deposits in bank account in the name of relatives deposit into NRE accounts - Held that:- The compilation contained the statement of the assessee recorded at the time of search, the summary of the NRE a ......
2014 (7) TMI 1035 - ITAT AGRA
Deputy Commissioner of Income Tax Versus Kalyani Chaturvedi
Assessment u/s 153A Unexplained expenses Held that:- The AO has challenged the order of the CIT(A) only on the jurisdictional issues whereas the relief is granted by the CIT(A) on merits as well - the scope of reassessment is only with regard to ......
2014 (7) TMI 897 - ITAT AGRA
Asstt. Commissioner of Income Tax Versus M/s. KS. Food Products
Search assessment u/s 153A No incriminating materials found during search Held that:- Assessment of income in case of search u/s 153A is to assess or reassess income for specified period CIT(A) found that no specific seized document, much less ......
2014 (7) TMI 859 - ITAT CHENNAI
Shri AR. Murugadoss Versus Asst. Commissioner of Income Tax
Dis-allowance of expenditure Depreciation of motor-car, mobile phone and computers as personal in nature to the extent of 25% - Held that:- The assessee had already filed returns of the income for the AYs - at the time of search, the assessee had a ......
2014 (7) TMI 640 - ITAT KOLKATA
M/s MAITHAN ISPAT LTD Versus DEPUTY COMMISSIONER OF INCOME-TAX
Expenses related to raw material Commencement of Business or not Capital expenses or not Held that:- the performance of any activity of business would lead to commencement of business and the business would be held to be set up - The carrying o ......
2014 (7) TMI 638 - ITAT HYDERABAD
M/s SHETTYS PHARMACEUTICALS & BIOLOGICALS LTD Versus DEPUTY COMMISSIONER OF INCOME TAX
Validity of proceedings u/s 153C of the Act Assessment of income of any other person - Held that:- The provisions contained u/s. 153C of the Act can only be invoked where there was satisfaction by the AO having jurisdiction over the person searche ......
2014 (7) TMI 560 - TRIPURA HIGH COURT
UDAIPUR BONDED WAREHOUSE, TRIPURA Versus Deputy Commissioner of Income Tax & Commissioner of Income Tax
Time barred order u/s 153A and 153D lack of jurisdiction - order pursuant to search and seizure Held that:- This fact was brought to notice by the assessee on 18-03-2014 and the Revenue is directed to seek appropriate instructions from the Revenu ......
2014 (7) TMI 420 - ITAT MUMBAI
Jt. Commissioner of Income Tax (OSD) Versus M/s. RR. Construction
Deletion of addition made during search - The assessee is a partnership firm falling within M/s Pathnik Constructions Group and is engaged in the business of building construction and development Held that:- The addition of ₹ 1,44,36,000/- ......
2014 (7) TMI 254 - ITAT DELHI
Sanjay Aggarwal Versus DCIT, Central Circle-5, New Delhi.
Computation u/s 153A of the Act - Sale of flat Computation of LTCG Held that:- Chapter XIV-B of the Act deals with computation of undisclosed income, whereas section 153A, etc., provides for the computation of total income - the language of sec ......
2014 (7) TMI 214 - ITAT BANGALORE
The Himalaya Drug Company, Makali Versus DCIT, Central Circle 1(1), Bangalore
Issuance of notice passed u/s 153C of the Act - Whether the DRP was justified in issuing its directions beyond the time limit specified u/s 144C (12) of the Act and whether the final assessment order passed by the AO u/s 153C of the Act based on the ......