![S. 153A can’t be invoked when Revenue got Prior Information and No Corroborative Evidence was found from Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "S. 153A can’t be invoked when Revenue got Prior Information and No Corroborative Evidence was found from Search: ITAT [Read Order]")
S. 153A can’t be invoked when Revenue got Prior Information and No Corroborative Evidence was found from Search: ITAT [Read Order]
New Delhi bench of ITAT quashed the addition made by AO and ruled that section 153A of the Income Tax Act cannot be invoked if the Revenue got any...
![No Penalty If Assessee Admitted Income during Search and Paid Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If Assessee Admitted Income during Search and Paid Tax: ITAT [Read Order]")
![Income Voluntarily surrendered during Search cannot be treated as ‘Undisclosed Income’ for Imposing Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Undisclosed-Income-Taxscan.jpg "Income Voluntarily surrendered during Search cannot be treated as ‘Undisclosed Income’ for Imposing Penalty: ITAT [Read Order]")
![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]")
Search, Re-Assessment Proceedings in the name of a Non-Existent Entity is Invalid: Delhi HC [Read Order]
A division bench of the Delhi High Court recently held that search warrant and notice for re-assessment proceedings issued under section 148 of the Income Tax Act, 1961 is invalid if the same was...
![Search, Re-Assessment Proceedings in the name of a Non-Existent Entity is Invalid: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Search, Re-Assessment Proceedings in the name of a Non-Existent Entity is Invalid: Delhi HC [Read Order]")
Cash Seized during Search can be Adjusted towards Assessees Tax liabilities including Advance Tax: ITAT Mumbai [Read Order]
In N. Venkatanathan v. DCIT, the ITAT Mumbai noted that assessee is entitled to adjustment of cash seized and offered for taxation towards its liability for taxes including advance tax. In the...
![Cash Seized during Search can be Adjusted towards Assessees Tax liabilities including Advance Tax: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Cash-Seized.jpg "Cash Seized during Search can be Adjusted towards Assessees Tax liabilities including Advance Tax: ITAT Mumbai [Read Order]")
![Search u/s 132 must be on the Basis of Credible Information, says Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Search u/s 132 must be on the Basis of Credible Information, says Delhi HC [Read Judgment]")
Addition is Justifiable when Assessee Voluntarily admits Tax Liability during the Course of Proceedings and later refuses: Delhi HC [Read Order]
In a recent ruling the division bench of the Delhi High Court upheld an addition made under the Income Tax Act by holding that the same is justifiable when assessee voluntarily admits Tax Liability...
![Addition is Justifiable when Assessee Voluntarily admits Tax Liability during the Course of Proceedings and later refuses: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Tax-Liability-TaxScan.jpg "Addition is Justifiable when Assessee Voluntarily admits Tax Liability during the Course of Proceedings and later refuses: Delhi HC [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]")
Proceedings u/s 153A cannot be initiated in the Absence of Warrant Authorizing Search: ITAT Mumbai [Read Order]
The Income Tax Appellate Tribunal, Mumbai bench, recently quashed the proceedings under sec. 153A on ground that no warrant were issued to the assessee in order to conduct a valid search u/s 132 of...
![Proceedings u/s 153A cannot be initiated in the Absence of Warrant Authorizing Search: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/ITAT-Ahmedabad.jpg "Proceedings u/s 153A cannot be initiated in the Absence of Warrant Authorizing Search: ITAT Mumbai [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]")