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Income Tax Case Laws - Section: 153A


Income Tax

Cases for Section: 153A

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Showing 1 to 15 of 316 Records

2015 (3) TMI 802 - ITAT DELHI

M/s DS. Woodtech Pvt. Ltd, M/s DS. Doors Pvt. Ltd. Versus Assistant Commissioner of Income Tax

Validity of assessment framed under Section 153A read with section 143(3) - A.Ys. 2001-02 to 2006-07) - Held that:- Considering the undisputed fact emerging in the assessment for the assessment years 2001-02 to 2006-07 are that no addition other than ......

2015 (3) TMI 708 - ITAT HYDERABAD

Shri S. Jayachandra Reddy, Shri Saikam Siva, Ms. Saikam Saiswetha, Smt. S. Sai Ramani, Smt. Panjam Shobha Rani, Smt. P. Deepthi, Shri P. Vamshi Krishna Versus DCIT

Legality and validity of the assessment made under Section 153A - Held that:- On the ground of absence of any incriminating material relating to the assessee found at the time of search, relying on the order of the jurisdiction High Court of Andhra P ......

2015 (3) TMI 607 - ITAT DELHI

DCIT Versus Ms. Arti Chadha & Ms. Puja Chadha (In their capacity as members of the HUF Known as Mohan Lal Chadha & Sons, Late Sh. Mohan Lal Chadha Karta),

Validity of the initiation of proceedings u/s 153C - whether in absence of any incriminating seized document in the case of respondents, assessment framed u/s. 153C of the I.T Act for the year under consideration, is time barred, bad in law and deser ......

2015 (3) TMI 605 - ITAT KOLKATA

Sachin A. Mehta Versus Deputy Commissioner of Income-tax, Cir. -43/13, Kolkata

Undisclosed income of the assessee on account of the value of seized precious stones - whether the impugned Assessment Order passed by the AO under sec. 143(3)/153A on 28th December 2006 is without jurisdiction, illegal and void an-initio? - when th ......

2015 (3) TMI 442 - ITAT DELHI

Raj Kumar Chawla Versus Assistant CIT Central Circle09,

Validity of assessment framed under sec. 153A read with sec. 143(3) - absence of any incriminating material belonging to the assessee being found during the course of search - Held that:- Decision of the Hon’ble Jurisdictional Delhi High Court in the ......

2015 (3) TMI 350 - ITAT DELHI

DCIT Versus M/s Surya Merchants Ltd.

Deduction u/s 80IB - audit report in Form No. 10CCB was not filed along with the Income Tax Return - Assessment pursuance of research u/s 153A - CIT(A) allowed the deduction - Held that:- When the profits of the eligible project have increased then ......

2015 (3) TMI 310 - ITAT DELHI

DCIT Versus Brij Bhushan Singal HUF, Uma Singal, Ritu Singal & Neeraj Singhal

Unexplained credits received - accommodation entry received from Sh. S.K. Gupta - Held that:- The assessee during the section 153 proceedings before the AO could not produce any documents to substantiate the receipts on account of FDR receipts in her ......

2015 (3) TMI 266 - ITAT BANGALORE

Trishul Buildtech Infrastructure (P) Ltd. [the erstwhile Trishul Developers Versus The Joint Commissioner of Income Tax (OSD)

Undisclosed incomes - absence of any explanation by the assessee with regard to the entries in the seized diaries in respect of which assessee did not make any declaration of income - validity of proceeding u/s. 153A - Held that:- It is not in disput ......



Reopening of assessment - assessment under section 153A read with section 143(3) of the Act was completed on the strength of seized record/impounded documents, thereby making various additions of Income-tax in the hands of Mukesh Modi, Diksha Jain an ......

2015 (2) TMI 403 - ITAT HYDERABAD

Sri Y. Siddaiah Naidu, Tirupathi Versus Asst. Commissioner of Income-tax, Central Circle, Tirupathi and Asst. Commissioner of Income-tax, Tirupathi Versus Sri Y. Siddaiah Naidu

Unexplained credit - addition to income - for AY 2004-05 - Held that:- As can be seen, in the sworn affidavit dt. 18/02/2011, the creditor Shri L. Giri Babu has stated that the amount of ₹ 1.00 lakh was advanced to assessee through cheque No. 6 ......

2015 (2) TMI 288 - ITAT AHMEDABAD

ACIT, Cir. 4 Baroda Versus Shri Ashwin A. Shah

Addition on account of low yield of finished product - CIT(A) deleted the addition - provisions of section 145(3) invoked - Held that:- There was an abnormal increase in the purchase of power and fuel as the sodium acetate solution was purchased at 1 ......

2015 (2) TMI 112 - ITAT RAJKOT

The Asst. CIT, Central Circle-1, Rajkot Versus M/s. Balaji Wafers Pvt. Ltd.

Penalty u/s.271(1)(c) - CIT(A) deleted the levy holding hat penalty cannot be levied in respect of the additions made on estimate basis by applying the gross profit rate - Held that:- Penalty levied u/s.271(1)(c) of the Act on the income admitted dur ......

2015 (1) TMI 1117 - ITAT PANAJI

Smt. Lakshmi Singh Versus Dy. Commissioner of Income Tax

Justification to the proceedings u/s 153C - unaccounted and in genuine gifts - Held that:- The total income shall be determined in respect of assessment year for which original assessments have already been completed on the date of search by restrict ......

2015 (1) TMI 1066 - ITAT AHMEDABAD

Shri Vivek Prahladbhai Patel, Ahmedabad Versus ACIT, Central Circle 2(2), Ahmedabad

Addition u/s 69 - Assessment u/s 153A - unaccounted investment - Held that:- Department could not bring on record any reliable material to prove that the assessee made actual investment of ₹ 3,25,51,000/- in the previous year relevant to Assess ......

2015 (1) TMI 1015 - ITAT HYDERABAD

Dy. Commissioner of Income-tax Versus M/s. Reliance Granite Pvt. Ltd.

Assumption of jurisdiction u/s 153A by AO - addition to income - CIT(A) deleted additions - Held that:- The Department has failed to bring any material on record to show that additions made were on the basis of any incriminating material. On the cont ......



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