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AO cannot re-open assessment merely for non filing of ITR unless the total income is exceeding maximum amount which is not chargeable to tax    *    Companies Act, 2013-25 Key Highlights    *    status foodgrain pulses and oilseed    *    Service tax exemption for transportation of life saving medicines    *    Applicability Of Service tax on Liquidated Damages    *    Goods and GST Bill passed    *    WITH GST CONSTITUTIONAL AMENDMENTS, WHAT NEXT ?    *    determination of assessable value for job work transaction    *    CENVAT CREDIT    *    Excise Cenvat credit on Electricity Power bill    *    Employees sent on deputation to subsidiary/ associate companies (Service Tax)    *    GLOW SIGN AND HOARDING    *    Regarding cenvat credit on service tax on rent a cab    *    Potato Chips as Namkeen    *    Central Excise Exemption of ₹ 150 Lakhs    *    Cenvat credit on water treatment plant    *    Cenvat Credit - refund - export of services - The registration is not the sole criteria for granting refund, so long the other conditions are satisfied, refund shall be granted - Tri    *    CENVAT credit demo cars capital goods input nothing is demonstrated today that a demo car falls in any of the Chapters dealing with capital goods - credit cannot be allowed - Tri    *    Period of limitation - in case duty was required to be paid on the strips, the appellant was entitled to avail credit of duty paid on the granules, which would have neutralized the entire demand on the strips - in this Revenue neutrally background, there could be no malafide on the part of the appellant to evade duty - Tri    *    Validity of statutory provisions - Imposition of penalty on company and directors - he legislature while in view of such situation has granted discretion to the executive, at the same time, provided for sufficient guidelines and safeguards so that such discretion does not convert into arbitrary or discretionary exercise of powers - HC    *    Strengthening Our Debt Markets (Dr. Raghuram G. Rajan, Governor - August 26, 2016 - at Annual Day Address to Foreign Exchange Dealers Association of India, Mumbai)

Income Tax Case Laws - Section: 153A

Home Case Index Income Tax Sections List
Cases for Section: 153A
Showing 1 to 15 of 581 Records
  • 2016 (8) TMI 764 - ITAT MUMBAI

    Assessment under section 153A - disallowance made u/s 14A - Held that - No disallowance made u/s 14A by the Assessing Officer was bad in law in absence of any incriminating material having been found in the course of search qua the said disallowance - Decided in favour of assessee

  • 2016 (8) TMI 813 - CALCUTTA HIGH COURT

    Assessment u/s 153A - disallowances of the expenditure - Held that - We are in agreement with the views expressed in CIT, Bangalore Vs. IBC Knowledge Park (P) Ltd. 2016 (5) TMI 372 - KARNATAKA HIGH COURT that incriminating material is a pre-requisite... ... ...

  • 2016 (8) TMI 49 - ITAT HYDERABAD

    Validity of assessment u/s 153C - Held that - The satisfaction recorded by the A.O. is lacking in material particulars and only the cryptic mechanical direction was issued for issuance of notice U/s 153C of the Act without recording of proper satisfa... ... ...

  • 2016 (8) TMI 208 - ITAT BANGALORE

    Validity of invoking the provisions of section 153A by issuing a notice under Section 153A - Held that - The notice under Section 153A(1)(a) was issued on 24.9.2009 wherein the Assessing Officer has given time period for furnishing the return as 30 d... ... ...

  • 2016 (8) TMI 45 - ITAT BANGALORE

    Validity of assessment u/s 153C - necessity of satisfaction note for initiating the action - Held that - As it is apparent that the CIT (Appeals) has reproduced the reasons recorded/satisfaction note for initiating the action under Section 153C of th... ... ...

  • 2016 (7) TMI 1211 - GUJARAT HIGH COURT

    Claim of deduction u/s 80IA in the reassessment u/s 153A as there was no incriminating document found during the search - The assessee contested such claim mainly on the ground that no incriminating material was found during the search which would en... ... ...

  • 2016 (7) TMI 938 - GUJARAT HIGH COURT

    Penalty levied u/s.271(1)(c) - additional income disclosed in furtherance to section 153A notice - Held that - In terms of explanation 5A, thus even in a case where during the search, the assessee is found to be the owner of any income based on any e... ... ...

  • 2016 (7) TMI 697 - ITAT MUMBAI

    Interest income - taxability on Accrual or Receipt basis- Addition of interest income on the Inter Corporate Deposits (ICD) - company had filed winding up petitions - Held that - After considering the submission of the assessee and the assessment ord... ... ...

  • 2016 (7) TMI 851 - ITAT DELHI

    Assessment u/s 153C - Disallowance made by the AO u/s 37 - Held that - No satisfaction was drawn by the AO before issuing the notice u/s 153C of the Act while making the assessment of the searched Sh. Jatinder Pal Singh, Director of the assessee comp... ... ...

  • 2016 (8) TMI 804 - ITAT MUMBAI

    Penalty imposed u/s.271(1)(c) - non payment of TDS and advance tax - Held that - The corresponding income with respect to the tax deducted at source and also the amount of advance tax paid by the assessee not only before the last date of financial ye... ... ...

  • 2016 (7) TMI 817 - ITAT AHMEDABAD

    Aassessments made u/s. 153A - addition to income - Held that - In the light of the documents found at the time of search which may be considered as incriminating for making the impugned assessments. Surprisingly, there is not even a whisper of any in... ... ...

  • 2016 (7) TMI 336 - ITAT AHMEDABAD

    Assessment u/s 153A - Addition on the basis of noting found in the seized paper - Held that - The document was found exhibiting transactions in respect of division of asset. The onus was upon the assessee to explain the position of this document. The... ... ...

  • 2016 (8) TMI 268 - KERALA HIGH COURT

    Assessment u/s 153A - Regard of statement recorded under section 132 (4) of the partner of the firm - Held that - we find from the order passed by the Tribunal that the statement recorded under section 132(4) was attested by two witnesses. The statem... ... ...

  • 2016 (8) TMI 460 - ITAT DELHI

    Validity of jurisdiction of AO under sec. 153A - addition on account of unexplained source of investment in cash in a project on the basis of material found during the search at the premises of Aerens group - Held that - A huge addition of ₹ 3,... ... ...

  • 2016 (7) TMI 448 - ITAT DELHI

    Assessment u/s 153A - unexplained credit u/s 68 addition - Held that - It is undisputed in the present case that the original assessment proceedings had already been completed u/s 143(3) prior to the date of the search. It is equally undisputed that ... ... ...

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