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A.A. DAVIS Versus THE DEPUTY COMMISSIONER OF INCOME TAX

2015 (8) TMI 368 - KERLA HIGH COURT

Assessment completed under Section 143(3) r/w. Section 153A - additions relating to the difference in considerations paid on purchase of properties - Held that:- Admittedly the additions were made by the assessing officer placing reliance on the docu .....

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of the entries made in the above referred document. In the statement dated 30.10.2008, he had reiterated and confirmed the earlier statement of 24.10.2008. However it was only during the assessment proceedings that he gave a letter dated 15.02.2010 r .....

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e additions made relying on this document and the statements, cannot be said to be illegal.

The Tribunal's order shows that despite the above, the Tribunal has set aside some of the additions and remitted the matter to the assessing office .....

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d any question of law arising in these appeals for consideration. - Decided against assessee. - I.T.A. Nos.55, 58 & 59 of 2015 - Dated:- 12-6-2015 - ANTONY DOMINIC AND SHAJI P. CHALY, JJ FOR THE APPELLANT : SRI.HARISANKAR V. MENON, SMT.MEERA V.MENON .....

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ning to the assessment years 2007-2008 to 2009-2010. 2. The assessee is engaged in manufacturing ornaments for jewellery shops and is also a Director of two companies carrying on kuri or chit business. Revenue carried out search and seizure operation .....

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e Income Tax Act by making various additions, in all the three years under consideration which mainly relate to the consideration paid on purchase of properties. In the appellate proceedings, the additions relating to the difference in considerations .....

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counsel for the appellant and the learned Standing Counsel for the Revenue. 4. Admittedly the additions were made by the assessing officer placing reliance on the document seized (SJ-III) during the course of the search of another assessee by name Ba .....

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08, he had reiterated and confirmed the earlier statement of 24.10.2008. However it was only during the assessment proceedings that he gave a letter dated 15.02.2010 retracting from the earlier two statements. However, rightly, the assessing officer .....

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