Search & Seizure

  • Income Tax

CIT approval u/s 153D in bulk draft assessment orders on a single day held mechanical

CIT approval u/s 153D in bulk draft assessment orders on a single day held to be mechanical approval vitiating entire…

3 years ago
  • Income Tax

Data retrieved from Pen-drive & admission not substantive evidentiary value to make additions

Data retrieved from Pen-drive and admission by vendors though may have a persuasive value no substantive evidentiary value to make…

3 years ago
  • Income Tax

Addition for undisclosed foreign bank account deleted as info received wasn’t bank statement

Addition for undisclosed foreign bank account deleted as the information received in pen drive under DTAC lacked basic essentials of…

3 years ago
  • Income Tax

Addition u/s 69A for cash deposit in bank in excess of yearly salary income deleted

Addition u/s 69A for unexplained cash deposited in bank account of the assessee in excess of his yearly salary income…

3 years ago
  • Income Tax

Mandatory provisions of Section 153C must be followed where AO is same for person searched and third party

Mandatory provisions of Section 153C must be followed before proceeding where AO is same for person searched and third party…

3 years ago
  • Income Tax

CBDT Instruction 1916 takes into account quantity of jewellery generally held by family members of a Hindu Family

CBDT Circular though meant for non-seizure of jewellery takes into account quantity of jewellery generally held by family members of…

3 years ago
  • Income Tax

Stamp duty valuation not a relevant criteria to decide payment of on-money by assessee

STamp duty valuation not a relevant criteria to decide payment of on-money by assessee but piece of evidence to ascertain…

3 years ago
  • Income Tax

ITAT rejects & disbelieves cash gifts by close relatives at the time of marriage and anniversary

ITAT rejects and disbelieves cash gifts by close relatives at the time of marriage and anniversary as no such evidence…

4 years ago
  • Income Tax

Jewellery belonging to family members found in search can not be taxed in assessee’s hand

Assessee can not be taxed for jewellery belonging to family members erroneously or under compulsion offered to tax during search…

4 years ago
  • Income Tax

Addition for alleged cash payment based on file/data retrieved from hard disk quashed

Addition for alleged cash payment based on file/data retrieved from hard disk found during search of third party quashed in…

4 years ago