Tag: incriminating material
STamp duty valuation not a relevant criteria to decide payment of on-money by assessee but piece of evidence to ascertain correct facts with regard to value of property ABCAUS Case Law CitationABCAUS 3455 (2021) (02) ITAT Important case law relied referred:ShyamKumar vs. ACIT (2018) 99 Taxman.com 39Pullongode Rubber …
Addition u/s 69 on the basis of unsigned receipts found during search deleted. Such unsigned receipts could not have been treated incriminating documents ABCAUS Case Law Citation:ABCAUS 3251 (2020) (02) ITAT In the instant case, the appellant assessee had challenged the order of the CIT(A) in confirming the …
Incriminating documents belonging to or containing information pertaining to assessee. The High Court explains the amendment made in section 153C ABCAUS Case Law Citation:ABCAUS 3122 (2019) (08) HC Important case law relied upon by the parties: Pepsi Foods Pvt. Ltd. v. Assistant Commissioner of Income Tax (2014) 367 …
Penalty u/s 271AAB for undisclosed income declared deleted for no incriminating material found during search and also for notice non specifying the specific limb ABCAUS Case Law Citation:ABCAUS 2876 (2019) (04) ITAT Important Case Laws Cited/relied upon by the partiesSSA’s Emerald Meadows, (2016) 73 taxmann.com 248(SC)Manjunatha Cotton & …
For recomputing income correctly u/s 153A no incriminating material necessary and AO can make corrections after giving opportunity to the assessee. ABCAUS Case Law Citation: ABCAUS 2712 (2019) (01) ITAT In this case, the assessee had filed additional ground along with petition for admission of additional ground. The …
Change in head of income not permissible u/s 153A if no incriminating material is found during the search-ITAT Prelude: Section 153A of the Income Tax Act, 1961 contains provisions governing assessment of cases where a search action has taken place u/s 132 or books of account/other documents have …
