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Income Tax Case Laws - Section: 69A

 
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Cases for Section: 69A
Showing 1 to 15 of 483 Records
 

2015 (5) TMI 619 - PUNJAB & HARYANA HIGH COURT

Varinder Kumar Sood Versus Commissioner of Income Tax-II, Jalandhar

Unaccounted deposit in bank account - not been clarified by the assessee as to why he chose to open an account with Axis Bank, Kapurthala alongwith one Lakhbir Singh by giving his own PAN number - Tribunal did not accept the assessee s case regarding.....

2015 (5) TMI 588 - PUNJAB & HARYANA HIGH COURT

Varinder Kumar Sood Versus Commissioner of Income Tax-II, Jalandhar

Unaccounted bank account - addition to income - AO held that it had not been clarified by the assessee as to why he chose to open an account with Axis Bank, Kapurthala alongwith one Lakhbir Singh by giving his own PAN number. Lakhbir Singh was a join.....

2015 (5) TMI 385 - ITAT MUMBAI

Shri Ramesh Kumar Jain Versus Asstt. Commissioner of Income Tax

Assessment on the basis of sworn statement given u/s 132(4) - Held that - No substance in this contention. We have already noticed that the fact of providing accommodation bills came to light due to survey operations conducted at the premises of M/s .....

2015 (5) TMI 229 - GUJARAT HIGH COURT

COMMISSIONER OF INCOME TAX I Versus HARSHAD BABULAL MAKWANA

Unexplained source of the cash deposit in bank account - ITAT deleted addition relying upon its observation in the case of M/s. Natural Biocon (India) Ltd - Held that - On considering the order passed by the learned Tribunal in the case of M/s. Natur.....

2015 (5) TMI 270 - GUJARAT HIGH COURT

SANJAY KUMAR BUCHA Versus INCOME TAX OFFICER

Actual loss incurred in F & O transaction - Tribunal confirmed the addition to the extent of ₹ 14,19,919/- (Rs.12,31,169.88 ₹ 1,88,750/-) as income of the assessee in respect of the unaccounted bank account in question - Tribunal maki.....

2015 (5) TMI 505 - ITAT AHMEDABAD

Premanand Sobhai Patel, Arvind Natverbhai Patel, Ritaben Rakeshbhai Patel, Rakesh Dahyabhai Patel, Dahyabhai S. Bhagat, Atulbhai Dahyabhai Patel, Sejalben Atulbhai Patel, Onilbhai Natvarbhai Patel, Bhartiben Onilbhai Patel Versus DCIT

Penalty levied u/s 271(1)(c) - unexplained assets - Held that - So far the gold ornaments are concerned, the assessee has given the proper explanation for the source of gold ornaments in respect of each and every assessee. The Assessing Officer subst.....

2015 (5) TMI 346 - ITAT DELHI

The Income Tax Officer Versus Smt. Rita Dhingra

Income from other sources -assessee declared total export sale of ₹ 4,59,95,595/- against which certain expenses under various heads were claimed - AO considering the fact that the major expenses consisted of consumable store, dyeing and proces.....

2015 (5) TMI 576 - ITAT MUMBAI

ITO Versus Sri Sonpal Singh Pal Singh Saini

Unaccounted cash deposit in the bank account - CIT(A) deleted the addition - Held that - The dates of withdrawal from the companies cash book matches with the dates of equivalent deposited in ICICI bank account of the assessee. A finding has also bee.....

2015 (4) TMI 677 - ITAT MUMBAI

M/s RC Enterprise Versus Income Tax Officer

Addition of unexplained income under section 69A of the Income Tax Act, 1961 - Purchase & sale of shares - De-materialised shares - Stock exchange denied any such transaction on exchange platform - Held that - The foregoing discussions would show.....

2015 (4) TMI 835 - CALCUTTA HIGH COURT

Late Sushil Modi Versus CIT., Central -II

Treatment of cash deposits - unexplained cash credit by invoking provisions of section 69 - Held that - In the case before us, the assessee admittedly made an investment of a sum of ₹ 2,01,000/- which was not disclosed by him in the returns fil.....

2015 (4) TMI 440 - ITAT DELHI

Income-tax Officer, Ward 5(1) New Delhi Versus K. Sahni Bros. Pvt. Ltd.

Addition made applying percentage of completion method - Held that - No infirmity in the order of the CIT(Appeals) on the fact that the assessee has consistently followed the same method of accounting of income in all the earlier years as well as the.....

2015 (4) TMI 328 - ITAT AHMEDABAD

ACIT & Others Versus Shri Nayan K. Thakkar & Others

Undisclosed income on the basis of client code modification - CIT(A) deleted the addition - Held that - The total number of trade transactions is 38.58 lacs and the client code modification is only 36,161. Therefore, the client code modification is l.....

2015 (4) TMI 184 - ITAT AHMEDABAD

Sayan Textiles Park Ltd. Versus ACIT

Revenue receipt v/s capital receipt - amount received at the time of execution of the sub lease - booking advances - Held that - If a receipt is having a direct nexus with the acquisition of capital asset then the expenditure is capital in nature. Ev.....

2015 (3) TMI 974 - ITAT LUCKNOW

M/s Rkshah Hospital & Diagnostic Centre Pvt. Ltd. And Others Versus ACIT., Central Circle-5 And Others

Estimation of income - applying 20 net profit rate - whether bank account No. 12505 and 7968 do not belong to the assessee company? - assessment year 2004-05 - Held that - When Dr. A. K. Shah, M.D. of the assessee company has admitted in the statemen.....

2015 (4) TMI 16 - SUPREME COURT

M/s. Ashish Plastic Industries Versus Assistant Commissioner of Income Tax

Unaccounted production, sales and closing stock of finished products - whether in respect of sales of 32,809 kg., which are shown in the stock register of M/s. Ashish Agro Plast Private Limited, there has been double taxation - Held that - The submis.....

 
   
 
 
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