2015 (7) TMI 119 - ITAT CHENNAI
Joseph Prince and others Versus The Assistant Commissioner of Income Tax, Central Circle I (5) Chennai
Legality of assessment u/s.153A - Held that - There are certain additions made by the Assessing Officer on the basis of information which was available with the assessing authorities in the form of earlier returns of income and financial statement at.....
2015 (6) TMI 892 - ITAT DELHI
ITO, Ward-37 (1) , New Delhi Versus Pankaj Mahajan, C/o A.C. Gupta & Associates
Income from undisclosed sources - CIT(A) deleted the addition - source of cash of ₹ 13.01 lac deposited by the assessee in his bank account, which was claimd to have been received from the estate of Smt. Saroj Gupta, his mother, who passed away.....
2015 (6) TMI 799 - ITAT HYDERABAD
Shri Sama Srinivas Reddy and others Versus Income Tax Officer Ward 9 (1) Hyderabad
Unexplained deposits in bank account - ex-parte order u/s 144 - Held that - Since the AO has verified only one account namely ICICI Bank and has passed the assessment order u/s 144 as ex-parte order and also that the assessee has informed about the V.....
2015 (6) TMI 809 - ITAT DELHI
SURINDER KUMAR, PROP. MOSAIC HOUSE (INDIA) AND DILER STONE Versus ACIT, REWARI CIRCLE, REWARI
Unexplained cash payments reflected in cash book - Held that - The balance sheet of M/s. Mosaic House furnished along with return of income shows the addition of ₹ 1,50,000/- against the property. Moreover it is not in dispute that assessee is .....
2015 (7) TMI 47 - ITAT DELHI
DCIT, Central Circle-2, New Delhi and others Versus Delco India Pvt. Ltd. and others
Undisclosed income - addition based on information found on the computer during search - presumption u/s 292C - Apart from the fact that the specific unrelated documents were found it was vehemently argued there is no other evidence with the departme.....
2015 (7) TMI 114 - ITAT JAIPUR
Smt. Kavita Rangwani and others Versus The I.T.O. Ward-6 (1) , Jaipur and others
Unexplained deposits in bank account - appellant is a housewife - Held that - Ld. Counsel for the assessee contends that ld. CIT(A) has given clear findings of facts and held that the opening cash of 2.75 lacs and withdrawal of ₹ 1 lac contribu.....
2015 (6) TMI 608 - ITAT PUNE
Shri Vinit Ranawat Versus ACIT, Central Circle-1 (1) , Pune
Undisclosed cash receipt - validity of the assessment u/s.153A - Held that - The presumption u/s 132(4A) is available only in respect of the person from whom the paper is seized. It could not be applied against a third party and hence, no addition co.....
2015 (6) TMI 676 - ITAT MUMBAI
Punjab Sind Diary Products Pvt Ltd Versus Dy. CIT, C C-33, IT Offices, Central Circle
Rejection of books of accounts - addition on undisclosed income - whether the books of account of the assessee have been rightly rejected u/s 145(3) on the ground that assessee is showing bogus sale of milk in its book in order to suppress the produc.....
2015 (6) TMI 631 - ITAT DELHI
DCIT, CC-13, New Delhi Versus Mohan Proteins Ltd.
Addition on cash seized from Shri Ghanshyam Sharma - CIT(A) deleted the addition - Held that - There is no dispute that Shri Deepak Aggarwal, Director of MIs Continental Milkose India Ltd had accepted the fact of having sent the cash of ₹ 1,75,.....
2015 (6) TMI 938 - KERALA HIGH COURT
JOSE KURUVINAKUNNEL, KOTTAYAM Versus THE COMMISSIONER OF INCOME TAX, KOTTAYAM
Unexplained deposit in the bank account - Held that - When the burden is on the assessee to prove the aforesaid factual question, it was the assessee s burden to make available Sri.Francis Joseph for cross examination. In this context, we should also.....
2015 (7) TMI 11 - KERALA HIGH COURT
SHRI. K.P. MADHAVAN NAIR Versus THE INCOME TAX OFFICER, WARD 1, KASARAGOD
Unexplained fixed deposits and investments in property - appellant contended that the property in question was purchased by him along with four others and that therefore the entire investment cannot be added to his income - Held that - For the years .....
2015 (6) TMI 251 - DELHI HIGH COURT
CIT-I Versus Bihariji Commodity Brokers Pvt Ltd
Addition made u/s 68 and 69A CIT(A) has referred to the additional evidence filed by the assessee and the matter is required to be remitted back to the AO for fresh adjudication 2014 (5) TMI 989 - ITAT DELHI Held that - It is evident that not only di.....
2015 (6) TMI 282 - ITAT AHMEDABAD
DCIT, Central Circle-2, Surat Versus M/s. Kumash Construction Pvt Ltd.
Suppression of unaccounted on-money income - CIT(A) deleted the addition - Held that - The assessee sold the flats in various projects at the same rate in A.Ys. 2005-06, 2006-07 and 2007-08. The Revenue has accepted the sale rates of flats in all the.....
2015 (6) TMI 386 - ITAT AHMEDABAD
Setu Developers Versus Dy. CIT
Penalty under section 271(1)(c) - inaccurate particulars of income in respect of on money received from each member for booking 108 flats - Held that - No inaccuracy in the particulars of income of ₹ 7.80 crores being on money could be establis.....
2015 (6) TMI 2 - ITAT HYDERABAD
Asst. Commissioner of Income-tax – 9 (1) , Hyderabad Versus M/s Shanti Fire Works, Hyderabad
Undisclosed investment in stock - CIT(A) restricting the addition - Held that - From the working submitted by assessee it appears, assessee has arrived at the actual physical stock on the basis of the purchase invoices. However, since the said workin.....