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Income Tax Case Laws - Section: 153A


Income Tax

Cases for Section: 153A
Showing 1 to 15 of 272 Records

2014 (10) TMI 778 - ITAT DELHI

Dy. Commissioner of Income Tax, Central Circle-17, Versus BL. Kashyap & Sons

Proceedings u/s 153A - Search and seizure operation u/s 132 Relevant details for verification of genuineness of expenses submitted or not partial expenses deleted Held that:- Following the decision in M/s ALL CARGO GLOBAL LOGISTICS LTD Versus DE ......

2014 (10) TMI 615 - ITAT DELHI

DCIT Central Circle-II, Faridabad Versus Spaze Tower Pvt. Ltd.

Order for adjustment towards advance tax liability - Whether the CIT(A) was right in law in holding and directing that the amount seized from the assessee be adjusted towards the advance tax liability without appreciating that the provision of sectio ......

2014 (10) TMI 494 - ITAT DELHI

Sita Ram Gupta Versus Assistant Commissioner of Income-tax, Central Circle-I, Faridabad

Penalty u/s 271AAA - Undisclosed income in pursuance of search - particulars of transactions furnished or not Held that:- U/s 132 (4) of the Act unless the authorized officer puts a specific question with regard to the manner in which income has be ......

2014 (10) TMI 391 - ITAT COCHIN

The Dy. Commr. of Income Tax Versus M/s. New Kerala Investments And Others

Admission of additional evidence u/s 46A(1) Held that:- A distinction has to be made between the evidence and material voluntarily furnished by an assessee in support of his appeal and the evidence/material requisitioned from an assessee by the FAA ......

2014 (10) TMI 349 - ITAT DELHI

ACIT, Central Circle-7, Delhi Versus Sudhir Sareen New Delhi

Validity of cross objection filed by the legal heir of the assessee - Authorization by the wife of the deceased assessee - Held that:- the demise of Sh. Sudhir Sareen with the request to bring Sh. Siddharth Sareen as his legal heir on record - The r ......

2014 (10) TMI 326 - ITAT MUMBAI

ACIT, Central Circle 37, Mumbai Versus Shri Rakeshkumar Wadhwan

Addition of on money received outside books of accounts Assessment u/s 153A - Opportunity to cross examine not provided - Assessee contended that he has not received any extra consideration other than those specified in the agreement for sale Hel ......

2014 (10) TMI 324 - ITAT HYDERABAD

Dr. K. Ramachandra, Dr. B. Manoharamma Versus Dy. Commissioner of Income-tax

Unexplained credit u/s 68 Held that:- This is only an isolated transaction in the relevant bank account, but as far as the assessee is concerned, it is demonstrated that the assessee has received the money through banking channels, viz. through tha ......

2014 (10) TMI 290 - ITAT HYDERABAD

M/s. Surabhi Shelters Pvt. Ltd. Versus The Asst. CIT Central Circle-1 Hyderabad

Determination of income from business Estimation of Net profit @ 10% of WIP Administrative and financial charges and depreciation disallowed - Held that:- The assessee has been estimating profit with reference to the advances received - The profi ......


Commissioner of Income-tax Versus Raj Kumar Arora

Assessment u/s 153A Scope of total income u/s 2(45) - Addition made for gifts made Held that:- Under section 153A of the Act, the AO is bound to issue notice to the assessee to furnish return for each AY falling within six AYs immediately precedi ......

2014 (10) TMI 216 - ITAT DELHI

DCIT, Central Circle- 21, New Delhi Versus M/s. Devi Dayal Petro Chemicals Pvt. Ltd.

Search and Seizure u/s 132 order u/s 153C r.w. section 153A - Held that:- The matter is set aside and restored to the file of the AO for re-examination of the issue in the light of the decision of Honble Jurisdictional High Court in SSP AVIATION L ......

2014 (9) TMI 888 - DELHI HIGH COURT

Commissioner of Income Tax-XI Versus Rama Krishna Jewellers

Disallowance of 50% of expenses on making charges paid to karigars Held that:- The AO in the remand report could not point out and controvert the documents and details provided - Genuineness of the documents was not doubted - The similar expenditur ......

2014 (9) TMI 274 - ITAT HYDERABAD

Ms. Ch. Madhavi, Smt. K. Vijayalakshmi Versus ACIT, Circle 8 (1), Hyderabad

Initiation of proceedings u/s 153C r.w. section 153A Seized material has no reference to the assessee - Held that:- As decided in Sri Pulla Gangadhar Rao, Hyderabad vs. ACIT, Cir.8(1), Hyderabad [2014 (9) TMI 212 - ITAT HYDERABAD] - the documents, ......

2014 (9) TMI 130 - ITAT DELHI

M/s. Tulip Telecom Ltd. Versus ACIT, Central Circle 11, New Delhi

Assessment u/s 153A - Preliminary expenses disallowed Interest u/s 36(1)(iii) disallowed - No incrementing material found - Held that:- No incrementing document was found during the search operation with regard to preliminary expenses - such additi ......

2014 (9) TMI 100 - ITAT DELHI

ACIT, Central Circle-1, New Delhi Versus M/s Odeon Builders Pvt. Ltd.,

Assessment u/s 153A - Additions towards Bogus purchases deleted Held that:- The assessee has been carrying out development activity for Sun city Group of Companies and has on the basis of most of the receipts received from the Sun city Group return ......

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 ......



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