Survey u/s 133A Archives - Page 2 of 2

Evidentiary value of statement made on oath in survey proceedings u/s 133A -High Court explains

administrator September 10, 2019 High Courts, Income Tax

Evidentiary value of a statement made on oath by the assessee to the income tax authority in survey proceedings u/s 133A of the Income Tax Act-High Court explains ABCAUS Case Law Citation:ABCAUS 3144 (2019) (09) HC Important case law relied upon by the parties:Paul Mathews and Sons v. …

Valuation of inventory from tag price during survey u/s 133A-ITAT deletes addition for adopting incorrect procedure

administrator August 19, 2018 Income Tax, ITAT

Procedure for valuation of inventory from tag price during survey u/s 133A-Cost price has to be determined and due deduction to be given towards direct expenses – ITAT ABCAUS Case Law Citation: ABCAUS 2477 (2018) 08 ITAT Important Case Laws Cited/relied upon: CIT v. S. Khader Khan Son, …

Addition for cash found short at the time of survey deleted by the ITAT

administrator July 2, 2018 Income Tax, ITAT

Addition for cash found short at the time of survey deleted by the ITAT. In the absence of any other evidence regarding the user of such cash, it should be considered as utilized for purchasing goods found in excess of book stock. ABCAUS Case Law Citation: ABCAUS 2392 …

No concealment if income returned and accepted is same and amount was surrendered before the end of financial year – ITAT

administrator July 1, 2018 Income Tax, ITAT

No concealment if income returned and accepted is same where assessee surrenders income at survey action before the end of the financial year – ITAT ABCAUS Case Law Citation: ABCAUS 2390 (2018) 07 ITAT The instant appeal was preferred by the Revenue against the order of Commissioner of …

Allegation of Planting Register by Income Tax Department during survey rejected by ITAT

administrator June 7, 2018 Income Tax, ITAT

Allegation of Planting Register by Income Tax Department during survey rejected by ITAT as apparently an error occurred in recording correct number of pages ABCAUS Case Law Citation ABCAUS 2360 (2018) 06 ITAT The instant appeal was filed by the appellant assessee agitating the Order passed by the …

Statement recorded u/s 133A can not be retracted saying survey team exerted force on assessee when he issued a cheque by properly preparing, signing it

administrator April 24, 2016 Income Tax, ITAT, Judgments

In a recent judgment, ITAT Chennai has held that a statement recorded u/s 133A can not be retracted saying survey team had exerted force on the assessee when he issued a cheque by properly preparing, signing it for the amount surrendered. Case Law Details: I.T.A.No.1429/Mds./2015 Assessment Year :2007-08 …

Addition cannot be made on the basis of the statement recorded during survey under section 133A

administrator March 9, 2016 Income Tax, ITAT, Judgments

Addition cannot be made on the basis of the statement recorded during survey under section 133A INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “C”, NEW DELHI I.T.A. No. 6509/DEL/2014 A.Y. 2010-11 M/S IIBS INFONET (P) LTD (APPELLANT) vs. ACIT (RESPONDENT) Date of Order: 08/03/2016 ORDER PER H.S. SIDHU : JM This appeal by …

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