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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 308 Records



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 ......

2015 (1) TMI 1013 - ITAT PUNE

Shri Vittal Shripati Ladkat Versus The Asst. Commissioner of Income Tax

Invoking the jurisdiction under section 153C r.w.s. 153A of the Act - addition to capital gain - Held that:- Assessing Officer was holding the jurisdiction of the person searched under section 132 of the Act, from whose possession certain documents r ......

2015 (1) TMI 658 - ITAT MUMBAI

Shri Sanjay Kohli Versus Asstt. Commissioner of Income Tax –CC-25, Mumbai.

Assessment u/s 143(3) r.w.s. 153A - Bogus gift - Search and seizure operations u/s 132 - concluded - Held that: - The admitted facts are that the assessee had duly disclosed the receipt of gift of ₹ 50.00 lakhs in the original return of income ......

2015 (1) TMI 648 - ITAT DELHI

M/s. Global Heritage Venture Ltd. (Formerly known as M/s Krishna Buildwell & Developers Pvt. Ltd.) Versus DCIT, Central Circle-12, New Delhi

Search and seizure operation u/s. 132 - Notice u/s. 153C - Jurisdiction of AO to issue notice u/s 153C and, assessment framed u/s 153A/143(3) - Held that:- Issue in dispute has already been adjudicated and decided in favor of the assesse by the Hon’ ......

2015 (1) TMI 556 - ITAT DELHI

Dy. Commissioner of Income Tax, New Delhi Versus BL. Kashyap & Sons

Disallowance and addition during the assessment or reassessment proceedings u/s 153A - Genuineness of the expenses - CIT(A) deleted the addition of ₹ 10,00,000/- out of the total expenses claimed of ₹ 5.25 crores - Held that:- Assessing ......

2015 (1) TMI 465 - ITAT MUMBAI

M/s. Mutha Parasram Dhanaji & Co. Versus Dy. Commissioner of Income tax

Undisclosed income - Additions made the basis of seized material - jurisdiction of the AO to assess the income of the assessee under section 153C read with section 143(3) of the Act challenged - Held that:- This case was earlier heard on 26.08.14 and ......



Validity of restoration of penalty made by Tribunal – Availability of benefit of Explanation 5 - Whether the Tribunal was right in restoring the penalty imposed u/s 271(1)(c) holding that benefit under explanation 5 to Section 271(1)(c) of the Act wo ......

2015 (1) TMI 98 - ITAT JAIPUR

M/s. Ashiana Ispat Limited Versus The ACIT. Alwar

Validity of order passed u/s 153A - Payment of commission on sale or purchase – Held that:- The commission paid to the parties have been challenged by the department - it is total contradictory on part of the revenue that in one case, they are accept ......

2015 (1) TMI 97 - ITAT MUMBAI

Smt. Zeenat P. Sanghvi Versus DCIT, CC-38, Mumbai

Addition in assessment u/s 153A - Addition u/s 68 - No relevant or incriminating material or evidence was found or seized during the course of search reflecting undisclosed income – Held that:- The search action was carried on in case of M/s K Sera S ......



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