Tag Archive: incriminating material

Q. What will happen when the revenue seized a documents, which is computer generated loose sheet and found during the search of third party who is neither assessee nor any authorized person of the assessee. The HIGH COURT OF DELHI in the case of PCIT vs. STC DEVELOPER PVT. LTD. Decided on Dec 15, 2021 on similar issue. Section 153C. Search & Seizure.

Q.Section 153C. What will happen when the revenue seized a documents, which is computer generated loose sheet and found during the search of third party who is neither assessee nor any authorized person of the assessee. The HIGH COURT OF…
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153C, Delhi High Court, Delhi Tribunal, In Favour of Assessee, ITAT Delhi

December 22, 2021

Incriminating material of the assessee found in the search of 3rd party then the assessment or reassessment proceeding of the assessee under which section 148 or 153C of the Income Tax Act? ITAT Delhi Bench again confirmed on Sep 17, 2021. in the case of CITY LIFE PROJECTS PVT. LTD. vs. ITO

CITY LIFE PROJECTS PVT. LTD. vs. INCOME TAX OFFICER IN THE ITAT DELHI BENCH ‘SMC’ N. K. BILLAIYA, AM. ITA No. 2668/DEL/2019 Sep 17, 2021 Section 143(3), 147, 148, 153C AY 2010-11 Decision in favour of: Assessee Q.Incriminating material of…
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148, 153C, AY 2010-11, In Favour of Assessee, ITAT Delhi

September 21, 2021

Section 132 When no incriminating material is shown by the Ld. AO therefore disallowance made only on ad-hoc basis is not permissible under the Income Tax Act. SHARUK PASSI & ANR. vs.DCIT ITAT Delhi order on Mar 19, 2020. IT-CASES-213-2020

Order in brief Section 143 assessment completed without giving any adverse finding on issue categorically inquired. Now merely creating a doubt of the same issue does not suffice the Assessing Officer to reopen the case u/s 148 of the Act…
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132, 143(3), 147, 148, addition on adhoc basis, Adhoc addition, AY 2005-06, AY 2012-13, Delhi, Delhi Tribunal, In Favour of Assessee, incriminating material

October 11, 2020

Section 132,148 Cancelled receipt of Rs. 11 lacs showing total transaction of Rs. 61 lacs signed by Sanjeev on behalf of Romy was found and Romy surrendered Rs. 11 Lacs only. AO has not confronted contents of said receipts from S. Addition made of Rs. 50 Lacs is deleted in the absence of any other corroborative material before AO. ROMI LAL NANDA vs.ITO. ITAT Delhi order date 28.9.2020. IT-CASES-212-2020

ROMI LAL NANDA vs. INCOME TAX OFFICER IN THE ITAT DELHI BENCH ‘G’ R.K. PANDA, AM & SUCHITRA KAMBLE, JM. ITA No. 792/Del/2016 Sep 28, 2020 Section 132,148 AY 2008-09 Decision in favour of: Assessee Section 132 Cancelled receipt of Rs….
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131(1), 132, 147, 148, 68, AY 2008-09, Delhi, Delhi Tribunal, Dumb, In Favour of Assessee, incriminating material

October 9, 2020

Section 132, 153A What AO can do with item found in search is already disclosed in ITR and Balance Sheet submitted?IT-CASES-210-2020

ALANKAR SAPHIRE DEVELOPERS & ORS. vs. DEPUTY COMMISSIONER OF INCOME TAX & ORS. IN THE ITAT DELHI BENCH ‘F’ BHAVNESH SAINI, JM & O. P. KANT, AM. ITA No. 2277/Del./2016, 2278/Del./2016, 2279/Del./2016, 2606/Del./2016, 2607/Del./2016, 2608/Del./2016, 122/Del./2017, 675/Del./2017, 6444/Del./2015, 3501/Del./2016, 3460/Del./2016,…
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132, 153A, AY 2003-04, AY 2004-05, AY 2005-06, Delhi, Delhi Tribunal, In Favour of Assessee, incriminating material, Search and seizure

September 30, 2020

क्या होगा जब किसी के यहां आयकर छापा पड़े और वहां पड़े किसी इनक्रिमिनेटिंग मैट्रियल पर आपका नाम हो? आईटीऐटी दिल्ली ने 28 अप्रैल 2020 को क्या फैसला दिया? IT-CASES-209-2020

PAWAN KUMAR DUA vs. ASSISTANT COMMISSIONER OF INCOME TAX IN THE ITAT DELHI BENCH ‘F’ K. PANDA, AM & SUCHITRA KAMBLE, JM. ITA Nos. 6588 to 6590/Del/2018 Apr 28, 2020 Section 132, 153A AY 2013-14, 2014-15 & 2015-16 Decision in…
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132A-Powers to requisition books of account, 153A, In Favour of Assessee, incriminating material

September 29, 2020

दिल्ली हाईकोर्ट ने 1 अगस्त 2017 को फैसला देते हुए कहा कि आयकर छापे के दौरान धारा 132 4 में लिए गए स्टेटमेंट अपने आप में incriminating material नहीं है केवल इस आधार पर ना तो assumption of jurisdiction u/s 153 A हो सकता है और ना ही कोई एडिशन किया जा सकता है.PCIT vs.BEST INFRASTRUCTURE (INDIA) PVT. LTD. & ORS. IT-CASES-208-2020

दिल्ली हाईकोर्ट ने 1 अगस्त 2017 को फैसला देते हुए कहा कि आयकर छापे के दौरान धारा 132 4 में लिए गए स्टेटमेंट अपने आप में incriminating material नहीं है केवल इस आधार पर ना तो assumption of jurisdiction u/s…
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132, 132(4), 153A, AY 2005-06, AY 2006-07, AY 2007-08, AY 2008-09, AY 2009-10, Decisions, Delhi, Delhi High Court, High Court, In Favour of Assessee, incriminating material, Search and seizure, Statement, Statement under section 132(4)

August 20, 2020

Section 147, 132 Gujarat High Court on 25 February, 2020 held that when Search and seizure of incriminating ‎material is at third party and have not in the name of or in hand writings or signature of the ‎assessee, also no such transaction is with third party then in the absence of any other ‎independent material to corroborate the statement of third party no addition can be made.‎ it-cases-205-2020

Gujarat High Court on 25 February, 2020 held that when Search and seizure of incriminating material is at third party and have not in the name of or in hand writings or signature of the assessee, also no such transaction…
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132, 143(3), 147, 68, AY 2006-07, Gujrat High Court, In Favour of Assessee, incriminating material

ITAT KOLKATA on Mar 18, 2020 held that the assessment made u/s 153A/143(3) of the ‎Act is invalid in the absence of any incriminating material found during course of search ‎hence the addition made by AO in assessment completed was beyond scope. ‎

DEPUTY COMMISSIONER OF INCOME TAX & ORS. vs. BHAVYA MERCHANDISE PVT. LTD. & ORS. IN THE ITAT KOLKATA BENCH ‘B’ P.M. JAGTAP, VP & S.S. VISWANETHRA RAVI, JM. ITA No. 2148/Kol/2017, IT(SS)A No. 139/Kol/2017 (C.O. No. 110/Kol/2018, 09/Kol/2017) Mar 18,…
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143(3), 153A, AY 2011-12, In Favour of Assessee, incriminating material, Kolkata tribunal, Satisfaction, Search and seizure

The proceedings u/s 153C could be initiated against a party only if the document seized ‎during the search and seizure proceedings of another person belonging to the assessee ‎concerned. ‎

The proceedings u/s 153C could be initiated against a party only if the document seized during the search and seizure proceedings of another person belonging to the assessee concerned. Unless, the AO of the searched person has arrived at a…
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153C, ITAT Mumbai

November 16, 2019