2014 (4) TMI 554 - ITAT DELHI
M/s. Satwant Exports Pvt. Ltd. (Amalgamated with JPL Hotel & Residences Pvt. Ltd.) Versus ACIT, Central Circle -21, New Delhi
Validity of proceedings u/s 153C of the Act – Assessee Company amalgamated into other Company – Assessment of a non-existent Company – Held that:- CIT(A) rightly held that a company incorporated under the Indian Companies Act is a juristic persons - ......
2014 (3) TMI 400 - ITAT MUMBAI
Shri Vinay Kumar Versus Income Tax Officer
Re-opening of assessment u/s 147 of the Act – Addition made u/s 69 of the Act – Held that:- The AO issued notice under section 148 of the Act instead of invoking provisions of section 153C, the proceedings stand vitiated - When it was pointed out tha ......
2014 (2) TMI 937 - ITAT MUMBAI
Nikki Agarwal Versus ACIT-Central Circle-32, Mumbai
Validity of additions of Completed Assessement – Sustainability of Assessment u/s 153A r/w 143(3) of the Act – Held that:- The decision in Shri Govind Agarwal vs. ACIT [2014 (2) TMI 810 - ITAT MUMBAI] and Jai Steel (India) vs. ACIT [2013 (6) TMI 161 ......
2014 (2) TMI 596 - ITAT HYDERABAD
M/s LAHARI HOMES Versus DEPUTY COMMISSIONER OF INCOME TAX
Disallowance of expenditure - Search u/s 132 of the Act made - Application for condonation of delay not considered – Held that:- The CIT(A) has disposed of the appeals of the assessee before him, without considering the letter of the assessee and obs ......
2014 (2) TMI 421 - ITAT MUMBAI
DEPUTY COMMISSIONER OF INCOME TAX Versus SHRI DILIP V DHERAI
Deletion made on addition made by AO on protective basis - Whether the CIT(A) was justified in deleting the protective addition when the land companies are in appeals against the confirmation of substantive addition and thus the issue of substantive ......
2014 (2) TMI 260 - ITAT DELHI
DCIT, Central Circle-18, New Delhi Versus Flex International Pvt. Ltd.
Annulment of assessment u/s 153C of the Act – Interpretation of section 153A/153C of the Act - Assessment of income of any other person – Held that:- The documents recovered during the search and seizure operation were not discussed by the Assessing ......
2014 (1) TMI 1242 - ITAT AHMEDABAD
ASSTT COMMISSIONER OF INCOME TAX Versus BHARAT J RAO
Validity of notice u/s 153C r.w.s. 153A - Held that:- the AO must be satisfied that documents, money bullion etc belonged to other person and on being recording satisfaction the case record/seized material is required to be forwarded to the AO of suc ......
2014 (1) TMI 651 - ITAT DELHI
ACIT CENTRAL CIRCLE-2, NEW DELHI Versus THERAPEUTIC INDIA (P) LTD NEW DELHI
Interpretation of section 153C r.w. Section 153A of the Act – Held that:- CIT(A) after going through the submissions of assessee has held that the documents seized from the premises of another person were copies of acknowledgement of return and copie ......
2014 (1) TMI 396 - ITAT HYDERABAD
Dy. Commissioner of Income-tax Versus Sri MPB. Kutumba Rao, Hyderabad
Validity of assessment u/s 153A - Held that:- Warrant of authorisation u/s 132 was issued in the joint names of three persons, M/s Lahari Constructions, M/s Lahari Infrastructure Ltd and Others - The authority who signed the warrant had information i ......
2013 (12) TMI 1354 - ITAT AMRITSAR
The Income Tax Officer Versus Smt Paramjit Kaur
Deletion on account of Short Term Capital Gains – Difference of the value of transfer of shares - Applicability of Section 148 - Held that:- Section 153C in fact corresponds to earlier section 158BD relating to assets, documents etc. of any other per ......
2013 (12) TMI 1103 - ITAT DELHI
M/s SPN Milk Product Industries (P) Ltd. Versus Assistant Commissioner of Income Tax,
Assessment of amalgamated company – Valid or not – Held that:- Following Micra India Pvt.Ltd [2013 (11) TMI 679 - ITAT DELHI] - On amalgamation, the company seizes to exist in the eyes of the law - Assessment upon a dissolved company is impermissible ......
2013 (12) TMI 829 - ITAT JODHPUR
Smt. Vimla Singhvi Versus ACIT., Central Circle-2, Jodhpur
Validity of Assessment u/s 153C - assessment u/s 153C passed in the individual name of the appellant - warrant of authorization to search was issued in the joint names of several persons. - Held that:- CIT(A) was not justified in confirming the actio ......
2013 (12) TMI 471 - ITAT HYDERABAD
Shri A. Vittal Reddy Versus Dy. Commissioner of Income-tax
Assessment u/s 153C - The assessee has received Rs.89.50 lakhs through three demand drafts; Rs.5 lakhs through cheque and a further amount of Rs.89.50 lakhs in cash, for services rendered by him in connection with sale/purchase of land by DLF group o ......
2013 (11) TMI 1266 - ITAT HYDERABAD
Sri Rao Ravi Kumar & Ors. Versus The DCIT, Hyderabad
Addition of Unexplained Rental Deposit - The amount was credited into bank account on 18.4.2001 - Because of gap of 18 days between the date of rental agreement and the amount credited in the bank account, the lower authorities doubted the transactio ......
2013 (11) TMI 679 - ITAT DELHI
ACIT, Cent. Circle 21 New Delhi Versus Micra India Pvt. Ltd. (Amalgamated with M/s Dynamic Buildmart (P) Ltd.)
Assessment on amalgamated company – Held that:- A company incorporated under the Indian Companies Act is a juristic person. It takes its birth and gets life with incorporation and it dies with the dissolution as per the provision of the Companies Act ......