![No Scope for Extrapolate and Estimate Undisclosed Income for Block Assessment Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Undisclosed-Income-Block-Assessment-Proceedings-ITAT-Taxscan.jpeg "No Scope for Extrapolate and Estimate Undisclosed Income for Block Assessment Proceedings: ITAT [Read Order]")
No Scope for Extrapolate and Estimate Undisclosed Income for Block Assessment Proceedings: ITAT [Read Order]
The Chennai bench of Income Tax Appellate Tribunal has held that no scope for extrapolate and estimate undisclosed income for block assessment...
![Addition in respect of Penny Stock cannot be made without Incriminating Material found during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Addition-Penny-Stock-Incriminating-Material-ITAT-Taxscan.jpg "Addition in respect of Penny Stock cannot be made without Incriminating Material found during Search: ITAT [Read Order]")
![If Incriminating material seized from personal assistant of Assessee, then Constructive Possession must be attributed: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/incriminating-material-seized-personal-assistant-assessee-constructive-possession-Madras-High-Court-Taxscan.jpeg "If Incriminating material seized from personal assistant of Assessee, then Constructive Possession must be attributed: Madras HC [Read Order]")
![No Addition in absence of Incriminating Material during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/incriminating-material-search-ITAT-Taxscan.jpg "No Addition in absence of Incriminating Material during Search: ITAT [Read Order]")
![Document already available with AO not an ‘Incriminating Material’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Document-Taxscan.jpg "Document already available with AO not an ‘Incriminating Material’: ITAT [Read Order]")
Supreme Court Stays HC Judgment Allowing Assessment where no Incriminating Material was Found during Search [Read Order]
The Supreme Court, on last week stayed the operation of the Delhi High Court’s judgment in Dayavanti Gupta vs. CIT wherein the Court confirmed block assessment even in the absence of incriminating...
![Supreme Court Stays HC Judgment Allowing Assessment where no Incriminating Material was Found during Search [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Supreme Court Stays HC Judgment Allowing Assessment where no Incriminating Material was Found during Search [Read Order]")
Data Retrieved from the Laptop of CA cannot be used as an Incriminating Material against Assessee: CESTAT [Read Order]
The CESTAT, Chandigarh in Mahalaxmi Distilleries v. CCE, Rohtak, held that the data retrieved from the laptop of the Chartered Accountant (CA) cannot be a sole basis for demand against the assesse...
![Data Retrieved from the Laptop of CA cannot be used as an Incriminating Material against Assessee: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Laptop-of-Chartered-Accountant.jpg "Data Retrieved from the Laptop of CA cannot be used as an Incriminating Material against Assessee: CESTAT [Read Order]")
Block Assessment based on Statement of an Employee of Assessee u/s 133A alone is invalid in absence of Any other ‘incriminating material’: Delhi HC [Read Judgment]
In a significant ruling, the division bench of the Delhi High Court held that Block Assessment under Section 153C of the Income Tax Act is not sustainable if it was made on the basis of Statement of...
![Block Assessment based on Statement of an Employee of Assessee u/s 133A alone is invalid in absence of Any other ‘incriminating material’: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Block Assessment based on Statement of an Employee of Assessee u/s 133A alone is invalid in absence of Any other ‘incriminating material’: Delhi HC [Read Judgment]")
No Penalty When the Addition is made by invoking sec 50C and No Incriminating material is found: ITAT Mumbai [Read Order]
In a recent ruling, the Mumbai bench of the ITAT observed that penalty under section 271(1)(c) of the Income Tax Act cannot be levied on the assessee when the addition is made by invoking section 50C...
![No Penalty When the Addition is made by invoking sec 50C and No Incriminating material is found: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "No Penalty When the Addition is made by invoking sec 50C and No Incriminating material is found: ITAT Mumbai [Read Order]")
Assessment u/s 153A is Invalid in the Absence of any ‘Incriminating Material’ found during Search: ITAT Kolkata [Read Order]
In Sri Krishna Ghosh v. ACIT, the Income Tax Appellate Tribunal (ITAT), Kolkata bench held that assessment under section 153A of the Income Tax Act must be made only on the basis of incriminating...
![Assessment u/s 153A is Invalid in the Absence of any ‘Incriminating Material’ found during Search: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "Assessment u/s 153A is Invalid in the Absence of any ‘Incriminating Material’ found during Search: ITAT Kolkata [Read Order]")
Notice u/s 158BC cannot be issued If No Incriminating Material Found during the Search: Bombay HC [Read Judgment]
In a recent ruling, the division bench of the Bombay High Court held that discovering an incriminatory material during the search is a mandatory requirement to initiate proceedings against the...
![Notice u/s 158BC cannot be issued If No Incriminating Material Found during the Search: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Notice u/s 158BC cannot be issued If No Incriminating Material Found during the Search: Bombay HC [Read Judgment]")