High Courts Archive

Mere not recording of transactions not make them undisclosed if entries are verifiable from other primary records

Author: | Categories: High Courts, Income Tax, Judgments No comments
Mere not recording of transactions not make them undisclosed if entries are otherwise verifiable from other primary books. High Court upheld ITAT judgment ABCAUS Case Law Citation: ABCAUS 2142 (2017) (12) HC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) against the order/judgment

 

Jewellery held belonging to 3 wives though purchase bills found in search were in assessee’s name.

Author: | Categories: High Courts, Income Tax, Judgments No comments
Jewellery held belonging to 3 wives though purchase bills found in search were in assessee’s name. HC uphelds deletion of undisclosed income u/s 158B(b) ABCAUS Case Law Citation: ABCAUS 2141 (2017) (12) HC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) against the

 

Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors -High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors of money beyond doubt-High Court upheld deletion of additions made u/s 68 ABCAUS Case Law Citation: ABCAUS 2140 (2017) (12) HC The Challenge/Grievance: This instant appeal was filed by the Revenue under Section 260A

 

Reopening materials include subsequent years assessments -High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Reopening materials include subsequent years assessments scrutiny during the course of whose proceedings AO has occasion to see if the same, or same pattern of returns or claims were made. ABCAUS Case Law Citation: ABCAUS 2139 (2017) (12) HC The Challenge/Grievance: The Petitioner assessee by way of two writ

 

Revision order passed without confronting assessee with material in possession breached natural justice

Author: | Categories: High Courts, Income Tax, Judgments No comments
Revision order passed without confronting assessee with material in possession of CIT breached principles of natural justice. Though variance in SCN and order passed u/s 263 did not invalidate it. ABCAUS Case Law Citation: ABCAUS 2138 (2017) (12) HC The Challenge/Grievance: The assessee had challeneged the order of the

 

Depreciation claimed on land was not sheer mistake-HC upheld sentence u/s 276C/277 of IT Act, 1961

Author: | Categories: High Courts, Income Tax, Judgments No comments
Depreciation claimed on land was not sheer mistake. High Court upheld sentence u/s 276C/277 of the Income Tax Act, 1961 ABCAUS Case Law Citation: ABCAUS 2137 (2017) (12) HC The Challenge/Grievance: The Petitioner company had filed a Criminal Revision petition u/s 397 of the Code of Criminal Procedure, 1973

 

Transfer of capital from proprietorship to partnership was not reconstruction u/s 10AA – High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Transfer of capital from proprietorship to partnership was not reconstruction u/s 10AA, dis entitling the assessee firm the benefit of exemption-High Court    ABCAUS Case Law Citation: ABCAUS 2136 (2017) (11) HC The Revenue has filed two appeals assailing the judgment and order of the Tribunal whereby tribunal had dismissed the