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Income Tax Case Laws - Section: 153A

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Cases for Section: 153A
Showing 1 to 15 of 410 Records

2015 (10) TMI 541 - BOMBAY HIGH COURT

Bhavanji S. Bhadra Versus The Asstt. Commissioner of Income Tax (Osd-1) And Another

Penalty under Section 271(1)(c) - whether income of ₹ 40 lakhs in the return of income filed for Assessment year 2001-02 was due to inadvertence/mistake? - Held that - No particulars of how and why the mistake occurred are forthcoming. Moreover.....

2015 (9) TMI 961 - ITAT COCHIN

The Deputy Commissioner of Income-Tax Central Circle-1, Ernakulam Versus M/s Royal Cartons Pvt. Ltd.

Addition on unsecured creditors - Validity of proceedings u/s 153C - Held that - Second Proviso to section 153A clearly says that the assessment or re-assessment, if any, relating to any assessment year falling within the period of six assessment yea.....

2015 (10) TMI 741 - ITAT JAIPUR

Nirmal Kumar Bardia Versus Deputy Commissioner of Income Tax, Central Circle-2, Jaipur.

Penalty U/s 271(1)(c) - undisclosed salary received from RMC Gems Thai Co. Ltd., Bangkok - assessee disclosed salary receipt after search proceeding carried out in case of assessee and return filed U/s 153A - assessee had shown long term capital gain.....

2015 (9) TMI 237 - DELHI HIGH COURT

Commissioner of Income Tax-20 (Erstwhile CIT-XII) Versus Smt. Priyanka Singhania

Validity of assessment u/s 153A - Whether any proceedings at all could have been initiated against the Assessee/respondent under Section 153A without there being a search warrant in her name issued in terms of Section 132 read with Rule 112 of the In.....

2015 (9) TMI 1241 - ITAT HYDERABAD

Dr. B. Narsaiah Versus The Deputy Commissioner of Income Tax, Central Circle-2, Hyderabad

Assessments u/s 153A - Held that - In cases where the assessment or reassessment proceedings have already been completed and assessment orders have been passed, which were subsisting when the search was made, the Assessing Officer would be competent .....

2015 (9) TMI 1011 - ITAT PUNE

Sanjog Tarachand Lodha Versus Income Tax Officer, Central 1, Nashik

Levy of penalty u/s. 271(1)(c) - additional income admitted during search and returned u/s. 153A proceedings - Held that - Furnishing of inaccurate particulars of income and concealing of income are two different expressions having different connotat.....

2015 (9) TMI 80 - DELHI HIGH COURT

Commissioner of Income Tax (Central) -III Versus Kabul Chawla

Deemed dividend u/s 2(22)(e) - Whether additions made to the income of the Assessee for the AYs were not sustainable because no incriminating material concerning such additions were found during the course of search and further no assessments for suc.....

2015 (9) TMI 907 - ITAT CHENNAI

Shri N. Viswanath and Others Versus The Deputy Commissioner of Income-tax, Central Circle-IV (1) , Chennai. And Vica-Versa

Addition to the closing stock adopting cost of goods at the year end instead of adopting cost or realizable value followed by the assessee - Held that - The assessee has valued the unsold stock by discounting purchase price at fixed percentage consid.....

2015 (9) TMI 1006 - ITAT AHMEDABAD

Shri Dahyabhai Prahladbhai Patel Versus The Asst. CIT, Central Circle-1 (4) , Ahmedabad

Validity of assessment under Section 153A/153C - Held that - In the present case, the assessment pertaining to Assessment Years 2003-04 to 2007-08 had not been abated. This fact is not disputed by the Revenue. Therefore, in these years, the assessmen.....

2015 (9) TMI 447 - ITAT MUMBAI

M/s La Sonia Wines Versus ACIT, CC-41, Mumbai

Unexplained drastic variation in net profit rate - AO mentioned that considering the fact that the sales are not verifiable, it will not be unreasonable to compute the profits at the rate of 5 of the disclosed sales - Held that - We are of the consid.....

2015 (9) TMI 384 - ITAT MUMBAI

Sheetal Abhinandan Lodha and Vinti Abhishek Lodha Versus Dy. Commissioner of Income Tax, Cen Cir-7 (3) , Mumbai

Validity of addition made in the assessment proceedings framed u/s 143(3) r.w.s. 153A - abatement of assessment - assessment of gift receipts - Held that - Admittedly, these assessees have not filed original returns of income prior to the date of ini.....

2015 (9) TMI 188 - ITAT AHMEDABAD

Saumya Construction Pvt. Ltd. Versus ACIT, Central Circle-1 (3) , Ahmedabad

Assessment under section 153A - additions or disallowances other than on the basis of incriminating material found during search operations challenged by assessee - Held that - No addition can be made for any assessment year u/s 153A, the assessment .....

2015 (9) TMI 278 - ITAT PUNE

Asstt. Commissioner of Income Tax, Circle 1, and Income Tax Officer, Ward 1 (3) , Nashik Versus Shamsundar Laxman Jagtap

Penalty levied u/s. 271(1)(c) - reopening of assessment - addition of the entire on-money amount in the hands of the assessee - CIT(A) deleted penalty - Held that - In the present case, reassessment proceedings were initiated on the basis of incrimin.....

2015 (9) TMI 235 - DELHI HIGH COURT

Commissioner of Income Tax, (Central-II) Versus Mayank Traders (P) Ltd.

Validity of assessment u/s 153A framed on a non-existent entity - ITAT referring to the decision of CIT v. Vived Marketing Services Pvt. Ltd. (2009 (9) TMI 917 - Delhi high court) which held that an assessment could not be validly framed on a non-exi.....

2015 (8) TMI 921 - ITAT DELHI

ITO, Ward 35 (4) , New Delhi Versus Shri Ankur Aggarwal and Shri Neeraj Jindal,

Penalty under section 271(1)(c) - disclosure of income as the result of search operation on the assessee and not voluntary - CIT(A) deleted the penalty - Held that - Provisions of Explanation 5 are applicable in the cases where during the course of s.....

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