2015 (3) TMI 885 - ITAT DELHI
M/s. Instronics Ltd. Versus ACIT and DCIT
Validity of assessment framed u/s 153C read with Section 143(3) - whether is a nullity in the eyes of law for want of satisfaction recorded by the A.O. of the searched party? - Held that:- As decided in Pepsi Foods (P) Ltd. [2014 (8) TMI 425 - DELHI ......
2015 (3) TMI 837 - ITAT DELHI
DCIT, Central Circle-21, New Delhi And Other Versus IECS Solutions Pvt. Ltd. And Others
Validity of assessment framed u/s 153C - recording of satisfaction by the Assessing Officer of searched person - assessee submitted that the information furnished by the Revenue under the Right to Information Act, reveals that the AO of the searched ......
2015 (3) TMI 800 - ITAT DELHI
M/s. Victoria Marketing Pvt. Ltd(Now known as “Metropolis Marketing Pvt. Ltd.) Versus ACIT
Validity of proceeding u/s 153C - Held that:- The absence of a satisfaction recorded by the Assessing Officer of the searched persons, the Assessment framed u/s 153C of the Act by the Assessing Officer cannot be sustained, as such same is bad in law. ......
2015 (3) TMI 542 - ALLAHABAD HIGH COURT
Commissioner of Income Tax (C) Kanpur Versus Smt. Nirmala Keshwani, Smt. Madhu Keshwani, Smt. Nisha Keshwani
Initiation of the proceeding under Section 153C - absence of satisfaction note - Held that:- When no satisfaction was recorded then the requirement of Section 153C was not satisfied. Therefore, we have no reason to interfere with the impugned order p ......
2015 (3) TMI 397 - ITAT PANAJI
Smt. Sunita Bai Versus Dy. Commissioner of Income Tax Central Circle-1, Belgaum
Gift received by the appellant as undisclosed income - addition of ₹ 45 lakhs in the assessment made u/s 143(3) r.w.s. 153C - Search u/s 132 - Held that:- The total income shall be determined in respect of assessment year for which original ass ......
2015 (3) TMI 355 - ITAT DELHI
M/s Aqua Guard Marketing Pvt. Ltd. Versus ACIT, Central
Legality of notice issued u/s 153C - Held that:- Since there was no satisfaction in the case of the searched person. The assessment framed u/s 153C of the Act in the case of the assessee was not valid. As relying on case of M/s Tanvir Collections Pvt ......
2015 (3) TMI 345 - ITAT DELHI
Tanvir Collections Pvt Ltd (Now Known As Rahab Collections Pvt Ltd) Versus ACIT, Central Circle-21, New Delhi
Validity of assessment u/s 153C - Held that:- It is palpable that the AO of Shri B.K. Dhingra, Smt. Poonam Dhingra and M/s Madhusudan Buildcon Pvt. Ltd., did not record any satisfaction that some money, bullion, jewellery or books of accounts or othe ......
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 ......
2015 (2) TMI 1029 - ITAT LUCKNOW
Shri Vinod Kumar Chaurasia Prop Gayatri Transport Versus Asstt. Commissioner of Income Tax
Validity of proceedings under section 153C non recording of satisfaction by the Assessing Officer in the case of "person subjected to search" - Held that:- Satisfaction by the Assessing Officer of the searched person was not recorded before initiatin ......
2015 (2) TMI 620 - ITAT DELHI
ACIT Central Circle, 2, New Delhi Versus Hari Chand Shri Gopal
Assessment initiated u/s 153C - Held that:- Going through the satisfaction note recorded in the case of the appellant, in which reference to the various annexures which includes Balance Sheet, P & L Account and Audited Accounts of the appellant compa ......
2015 (2) TMI 243 - ITAT HYDERABAD
DCIT, Central Circle-4, Hyderabad Versus M/s. Fancy Silks, Hyderabad
Validity of proceedings initiated u/s. 153C - CIT(A) set aside the proceedings - Held that:- In the course of present proceedings, learned D.R. was asked to furnish the evidence if any, of incriminating material relating to assessees so that proceedi ......
2015 (2) TMI 160 - ITAT DELHI
DCIT, Central Cirlce-5, New Delhi Versus Qualitron Commodities Pvt. Ltd.
Validity of assessment framed u/s 153C - Held that:- The documents seized during the course of search and seizure proceedings from the Rajdarbar Group have been referred as “relating to” the assessee, in the satisfaction note recorded by the AO while ......
2015 (2) TMI 11 - DELHI HIGH COURT
THE COMMISSIONER OF INCOME TAX (CENTRAL) -I Versus MOHAN MEAKINS LIMITED AND OTHERS
Scope of Section 153C - whether it enables the assessing officer to issue notice to third parties, on the basis of the satisfaction that “any money, bullion, any jewellery or other valuable article or thing or books of account or documents seized or ......
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 1108 - ITAT HYDERABAD
Asst. Commissioner of Income Tax, Hyderabad Versus Smt. A. Vijaya, Smt. Anne Vijaya
Unexplained investment - validity of proceedings u/s.153C - CIT(A) deleted addition considering the additional evidence and that proceedings u/s.153C are invalid and consequently, the assessment made in pursuance of the same was also invalid - Held t ......