Tag Archive: Search and seizure

Search conducted / survey or requisition cases on or after 1st April, 2021- Assessment shall be framed under section 147 read with section 148, 148A, 149,151 of the Income Tax Act’ 1961. Explanation 2 of Section 148. FCA BPMUNDRA

FCA BPMUNDRA 93145 01680, 70141 24100 Senior partner B. P. Mundra & Co.‎ Mobile Chartered Accountants ‎822 A, Mundra House, Shivaji Nagar, Near Hanuman Temple, Civil Lines, Jaipur‎-302006 Ph.No. (O) 2225110, 2225116, 2224085 [email protected] url www.bpmundraca.com Search conducted, survey or…
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147, 148, 148A, 149, 151, Articles

December 31, 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

Search and Seizure- No seizure of jewellery when it is stock of the assessee as the protection is provided in proviso appearing after sub clause – (iii) to sub Section (1) of Section 132 for stock. Further Satisfaction note clearly disclosed that formulation of “reason to believe” was post search and seizure. Action of search and seizure is bad in law. Saddle the Deptt. with costs at Rs.50,000/-. KHEM CHAND MUKIM Vs.Principal Director of Income Tax. Jan 9, 2020 IT-CASES-214-2020

KHEM CHAND MUKIM vs. PRINCIPAL DIRECTOR OF INCOME TAX & ORS. HIGH COURT OF DELHI VIPIN SANGHI & SANJEEV NARULA, JJ. W.P.(C) 5343/2019 Jan 9, 2020 (2020) 186 DTR 0145 (Del), (2020) 313 CTR 0014 (Del), (2020) 423 ITR 0129…
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131(1A), 132, 132(1)(c), 132(1)(iii), 132(1)(v), 132B, 2018-19, AY 2015-16, AY 2016-17, AY 2017-18

October 11, 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