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 ......
2013 (11) TMI 219 - ITAT DELHI
DCIT, Central Circle-19, Delhi Versus DCM Shriram Industries Ltd.
Opening of assessment u/s 153C of the Income tax act – Held that:- Reliance has been placed upon the judgment of the Co-ordinate bench of Tribunal, Bangalore in the case of DCIT vs. United Spirits Ltd., Bangalore [2013 (11) TMI 75 - ITAT BANGALORE] w ......
2013 (11) TMI 75 - ITAT BANGALORE
The Deputy Commissioner of Income-tax Versus M/s United Spirits Ltd.
Jurisdiction of assessment u/s 153C of the Income Tax Act - Whether the assessing officer was within his sphere to call upon the appellant to furnish its returns of income on the solitary reasoning that the appellant’s was also one of the members of ......
2013 (11) TMI 55 - ITAT DELHI
ACIT, Central Circle 7, New Delhi Versus M/s. Columbia Holdings (P) Ltd.
Undisclosed investment - assessment u/s 153C - Income found during search and seizure - CIT deleted addition - Held that:- Assessee had disclosed income in respective companies by way of change in method of accounting or say by recognizing changing t ......
2013 (10) TMI 774 - ITAT HYDERABAD
Mr. Sunil Kumar D. Shah (HUF), Hyderabad Versus The Dy. Commissioner of Income-tax
Scope of assessment u/s 153C of the Income Tax Act – Held that:- Determination of income consequent to search action by framing assessment u/s. 143(3) r.w.s. 153C of the Act is different from regular assessment and it is not a substitute for regular ......
2013 (10) TMI 608 - ITAT HYDERABAD
P. Prabhakar Rao Versus DCIT, CC. 6, Hyderabad
Assessment u/s 153C - Unexplained income - Cash credit in bank account - CIT sustained partial addition - Held that:- assessee derived income from job receipts of Rs. 1,15,312/- and agricultural income of Rs. 30,000/- and the said incomes were admitt ......
2013 (10) TMI 604 - ITAT COCHIN
Mr. Promy Kuriakose Padayattil House Versus A. CIT, Cent., Cir. 1 Ernakulam
Proceedings u/s 153C - Incriminating documents against assessee - Held that:- A bare reading of section 153C makes manifestly clear that the assessing officer has to satisfy himself that any money, bullion, jewellery or other valuable article or thin ......
2013 (10) TMI 510 - ITAT CHENNAI
The Assistant Commissioner Income Tax Versus Shri N. Madanlal Daga (HUF)
Assessment u/s 153C - Addition on account of search conducted on assessee under the Income Tax Act - Assessee had in the regular returns admitted income only from the jewellery business. Nothing regarding his money lending business was ever disclosed ......
2013 (9) TMI 486 - ITAT HYDERABAD
M/s Shouri Constructions, T. Jaipal Reddy Versus Asst. Commissioner of Income-tax
Assessment of other person pursuant to search - Jurisdiction u/s 153C - Conditions prescribed u/s 153C - Held that:- condition precedent for assumption of jurisdiction u/s 153C is, the AO must be satisfied that the seized materials belongs to such o ......
2013 (9) TMI 123 - ITAT DELHI
DSL Properties (P.) Ltd. Versus Deputy Commissioner of Income-tax, Central Circle - 8
Search an seizure - assessment of other person - section 153C – Satisfaction of the Assessing officer that books of accounts found in the search belonged to the assessee – Held that:- If the Assessing Officer is assessing the person searched as well ......
2013 (8) TMI 517 - ITAT DELHI
ACIT, Central Circle 21 Versus M/s. Chanakaya Export Pvt. Ltd., New Delhi. (Amalgamated with M/s. BS. Infratech Pvt. Ltd.),
Validity of assessment proceedings - Assessment on Amalgamated company - CIT quashed assessment proceeding - Held that:- assessee had amalgamated with another company and assessee had participated in assessment proceedings - Proceedings in this case ......
2013 (8) TMI 105 - ITAT AGRA
Hardevi Keshwani Versus A. CIT, Central Circle, Agra
Initiation of proceedings u/s. 153C as no paper, document or any adverse material relating to assessment years were found during the search - additions on account of determination of Annual Letting Value u/s. 23(4) of the properties at 7% of investme ......
2013 (8) TMI 47 - ALLAHABAD HIGH COURT
M/s MD Overseas Ltd. Versus Director General of Income-Tax (Inv.) North And Others
Stay of proceedings - various rounds of litigation - Search proceedings - Matter in appeal before apex court - Petitioner contends for stay of proceedings initiated from search and seizure due to order of this court - Held that:- The principle is wel ......
2013 (7) TMI 805 - ALLAHABAD HIGH COURT
Savesh Kumar Agarwal Versus Union of India
Notice u/s 153C - Whether the assessing authority receiving satisfaction note has already examined account books and has not found anything adverse against the assessee and further seized goods have already been released in favour of the assessee he ......