2013 (5) TMI 129 - BOMBAY HIGH COURT
KUHSHPAT SHAH Versus DIRECTOR GENERAL OF INCOME TAX(INVESTIGATION) AND ANOTHER
Search & Seizure - A search action was initiated on a group of individuals/ concerns who are alleged to be involved in Hawala transactions involving an illegal transfer of cash - Assessment in accordance Section 153-A - Section 153-C - Held that:- ......
2013 (4) TMI 665 - ITAT AHMEDABAD
Bharat Ginning & Pressing Factory Versus Income-tax Officer, Central Ward -1, Baroda
Validity of assessments u/s.153C - search and seizure operation u/s.132 covering the residential premises as well as business premises of assessee - appellant challenged the proceeding initiated u/s.153C on the ground that no satisfaction was recorde ......
2013 (4) TMI 310 - ITAT CUTTACK
Binod Roy Nanda(Huf)Versus Assistant Commissioner of Income-tax
Adjustment of tax on the date of seizure ignoring the interest to be allowed to the assessees u/s.234A, 234B and 234C - For the AY 2009-10, the assessee was required to file the return under the Income-tax provisions when it was prayed that the incom ......
2013 (4) TMI 268 - ITAT HYDERABAD
M/S. Keerthi Housing (P) Ltd. Versus Department of Income Tax
Unexplained share application money - notice u/s 153C - as contested by assessee that the share application money was brought forward from the previous year, therefore, what is appearing in the balance sheet is only opening balance - Held that:- It a ......
2013 (3) TMI 436 - ITAT DELHI
Micron Steels Pvt. Ltd. Versus Department of Income Tax
Notice issued u/s. 153C - CIT (A) upheld the assessment on a company which has been dissolved / amalgamated under section 391 and 394 of the Companies Act, 1956 as invalid - CIT (A) deleted the addition made on account of unexplained purchase u/s. 69 ......
2013 (3) TMI 126 - RAJASTHAN HIGH COURT
Smt. Bhawna Lodha Versus Director General of Income Tax and others
Search u/s 132 - 1004.8 gms of gold ornaments seized - demanding the bank guarantee for the entire value of the jewellery seized - Held that:- A bare perusal of the Circular issued by CBDT(Annex.8) dated 21st January, 2009 indicates that detention of ......
2013 (2) TMI 449 - INCOME TAX APPELLATE TRIBUNAL
Guruprerna Enterprises, Versus Asstt. Commissioner of Mumbai. Income-tax, Central Cir. 29, Mumbai.
Proceedings u/s 153C - whether the initiation of proceedings u/s 153C is bad in law - Held that:- In the case on hand, a joint venture agreement was found in which the assessee is a party. The assessee has certain rights and duties as per terms and ......
2013 (1) TMI 629 - DELHI HIGH COURT
COMMISSIONER OF INCOME TAX Versus ABHINAV KUMAR MITTAL
Additions u/s 69 - search conducted u/s 132 - notice u/s 153C - valuation of properties referred to District Valuation Officer (DVO) - ITAT deleted the addition - Held that:- No reason to differ from the view taken by the Tribunal as no material was ......
2013 (1) TMI 422 - ITAT COCHIN
SOUTH MALABAR STEELS & ALLOYS PVT LTD. Versus DEPUTY COMMISSIONER OF INCOME TAX. CENTRAL CIRCLE. THRISSUR
Suppression of sales - additions u/s 68 - survey u/s 133A - assessee challenged the validity of initiation of proceedings u/s 153C - Held that:- It is an undisputed fact that the Managing Director of the assessee company has confessed about the suppr ......
2013 (1) TMI 420 - ITAT AGRA
ASSTT COMMISSIONER OF INCOME TAX. CIRCLE-1. GWALIOR Versus M/s GLOBAL ESTATE
Assessment proceedings u/s. 153C - search & seizure operations - no search warrant in the name of M/s. Global Estate (appellant firm) has been served on it therefore assessment proceedings u/s 153A are without jurisdiction and illegal - Held that:- T ......
2013 (1) TMI 259 - ITAT MUMBAI
INGRAM MICRO (INDIA) EXPORTS PVT LTD. Versus DEPUTY DIRECTOR OF INCOME TAX (INTERNATIONAL TAXATION)-3(1), MUMBAI
Validity of the orders passed under section 153C - Permanent Establishment (PE) in India through which assessee carries out its sales in India - AO held that 90% of the business income of assessee is attributable to its Indian PE - interest u/s. 234A ......
2012 (12) TMI 777 - ITAT, AHMEDABAD
Shri Harshadkumar H Patel, C/o Mahendrakumar & Co. & Others Versus Deputy Commissioner of Income Tax, Central Circle-1(1), Ahmedabad
Undisclosed capital gains - assessment order passed by AO u/s 153A/153C - Held that:- Admittedly no search operation was conducted at the premises of the assessee and no document was recovered from the premises of the assessee CIT(A) has not decided ......
2012 (12) TMI 639 - ITAT CHENNAI
The Jt. Commissioner of Income Tax, Central Circle IV (1), Chennai Versus Shri V. Sankar
Inadequate drawings - CIT(A) deleted the addition - Held that:- No reason to interfere with the findings of the CIT(A) as no evidence was brought on record by the Revenue in support of the addition made in the assessment order towards inadequate draw ......
2012 (12) TMI 638 - ITAT CHENNAI
The Jt. Commissioner of Income Tax, Central Circle IV (1), 46, Chennai Versus Shri V. Sampath
Inadequate Drawings - Held that:- In the absence of any finding of fact that the appellant had infact “incurred” the estimated expenditure on drawings, during the relevant financial years, the addition made towards drawings u/s 69C is bad in law - th ......
2012 (12) TMI 252 - ITAT NEW DELHI
Assistant Commissioner of Income Tax, Central Circle-21, Versus Indu Surveyors & Loss Assessores (P) Ltd., (Amalgamated with B. S. Infratech (P) Ltd.)
Initiation of Proceedings u/s 153C - Unexplained Purchases - held that:- As the expenditure was accounted in the regular books, the source is obviously explained. The provisions of section 69C are not applicable as there was no unaccounted expenditur ......