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Income Tax Case Laws - Section: 153C


Income Tax

Cases for Section: 153C

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Showing 1 to 15 of 117 Records

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 558 - BOMBAY HIGH COURT

Commissioner of Income Tax-25 Versus M/s. Leela Enterprises

Interpretation of section 153C and 158BD Held that:- The Tribunal was rightly of the view that the conclusions of the CIT (A) on the issue with regard to the AYs which can be subjected to proceedings u/s. 153C of the Act as well as the conclusions ......

2014 (11) TMI 130 - ITAT HYDERABAD

Late Sri MP. Chary Legal Heir: Sri MA. Chary Versus The Asst. CIT, Central Circle-6 Hyderabad

Sale transaction of land - Difference of amount between Agreement of Sale and Sale Deeds to be treated as undisclosed income or not Held that:- When the difference of consideration between the sale agreement and the sale deed was put to Sri M.A. C ......

2014 (10) TMI 777 - ITAT DELHI

Swapnil Properties (P) Ltd. Versus ACIT Central Circle-21 New Delhi.

Search and seizure operation u/s 132 - Addition u/s 153C Addition of cash payment on the basis of seized documents Held that:- The seized document was not found from the premises of the assessee nor was it signed by the employee of the assessee n ......


Avinash Estates & Resorts Ltd. Versus Deputy Commissioner of Income-tax, Central Circle-2, Visakhapatnam

Validity of the proceeding initiated u/s 153C Held that:- On a perusal of the assessment order, it is not forthcoming, what are the seized materials on the basis of which the assessing officer has initiated proceedings u/s 153C of the Act - the CIT ......

2014 (10) TMI 320 - ITAT HYDERABAD

Ms. S. Madhavi, Hyderabad Versus The Asst. CIT Circle-8(1), Hyderabad

Validity of proceedings initiated u/s 153C Addition of STCG Held that:- The seized material on the basis of which the AO has initiated the proceedings u/s 153C - A reference to the seized material indicates that the same is an account relating to ......

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 625 - ITAT BANGALORE

Prithvi Developers & Builders Versus The Deputy Commissioner of Income Tax

Validity of assessment u/s 153C r.w.s. 143(3) Estimation of business income on higher side Assessment made on assumptions Held that:- The mandatory conditions of recording satisfaction not complied with to invoke the jurisdiction u/s 153C of th ......

2014 (9) TMI 310 - ITAT AHMEDABAD

Pravinbhai Keshavbhai Patel Versus Dy. Commissioner of Income Tax

Invocation of proceedings u/s 153C assessment made on the basis of material found during seizure - Whether the seized material found from Shri Vikas A. Shah belongs to the assessee and assessment made on the basis of material is in confirmation of ......

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 260 - ITAT HYDERABAD

Smt. K. Rajani Kumari, Versus Asst. Commissioner of Income-tax Circle 1, Hyderabad

Amount mentioned in seized diary, part of consideration or not - Assessment u/s 153C - Whether the amount represented, as per the entry in the seized diary, by a pronote, forms part of the consideration for the sale of the property Held that:- The ......

2014 (9) TMI 212 - ITAT HYDERABAD

Sri Pulla Gangadhar Rao Versus ACIT, Cir-8(1), Hyderabad

Validity of assessment proceedings initiated u/s 153C Proceedings initiated on seized material Seized documents belonging to assessee or not - Held that:- The AO could not have initiated proceedings u/s 153C of the Act solely on the basis of the ......

2014 (8) TMI 898 - DELHI HIGH COURT

Pepsico India Holdings Private Limited Versus Assistant Commissioner of Income Tax & Another

Notice u/s 153C Search and seizure u/s 132(1) Satisfaction note - Whether the AO of the searched person (the Jaipuria Group) could be said to have arrived at a satisfaction that the documents mentioned above belonged to the petitioners Held tha ......

2014 (8) TMI 519 - ITAT DELHI

Assistant CIT, Central Circle 17, New Delhi Versus M/s. Pushpanjali Commercial Pvt. Ltd.

Admission of additional evidence assessment u/s 153C - Unexplained credit - Held that:- CIT(A) has dealt with the issue in detail and after discussing the case of the assessee for admission of the additional evidence has allowed the application of ......

2014 (8) TMI 425 - DELHI HIGH COURT

Pepsi Foods Pvt. Ltd. Versus. Assistant Commissioner of Income Tax

Validity of Notice u/s 153C - issuance of a notice by an AO of a person who has not been searched, on the basis of a satisfaction note prepared by the AO of a searched person - Basic ingredient - satisfaction Held that:- Assessee rightly contended ......



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