2014 (11) TMI 632 - MADRAS HIGH COURT
M/s. P. Madhurajan (HUF) Prop. Baalaji Process Versus The Assistant Commissioner of Income Tax
Assessment u/s 153A - unexplained investment in purchase of land - principles of natural justice - Held that:- The Tribunal was rightly of the view that details were never given by the assessee either before the AO or before the CIT(A) - the assessee ......
2014 (11) TMI 603 - ITAT KOLKATA
Trishul Hi-Tech Industries, Kolkata Versus DCIT., Central-XI, Kolkata
Proceedings u/s 153C – Held that:- Assessment order u/s 143(3) of the Act was passed on 31.03.2006 by making various disallowances and additions - the AO framed the assessment order u/s 153C/143(3) of the Act despite the fact that no incriminating ma ......
2014 (11) TMI 212 - ITAT DELHI
Sh. Ramesh Batta Versus CIT, Kanpur
Jurisdiction of CIT u/s 263 – Validity of assessment order passed u/s 153A r.w. s 143(3) – Held that:- CIT(Appeals) has failed to arrive at a firm conclusion as to how the assessment orders are erroneous and prejudicial to the interest of the revenue ......
2014 (11) TMI 99 - ITAT DELHI
Parsvnath Developers Ltd. Versus DCIT Central Circle-19, New Delhi
Ad hoc estimated disallowance of expenses – Scope of assessment u/s 153A – Applicability of section 158BB – Held that:- The language of section 153A has been structured in such a way so as not to permit the making of addition for the assessment year ......
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 ......
2014 (10) TMI 255 - ALLAHABAD HIGH COURT
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 ......