![Valuation Report of Assets once made is effective for Four Assessment Years: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Valuation-Report-Delhi-High-Court-Taxscan.jpg "Valuation Report of Assets once made is effective for Four Assessment Years: Delhi High Court [Read Judgment]")
Valuation Report of Assets once made is effective for Four Assessment Years: Delhi High Court [Read Judgment]
The division Bench of the Delhi High Court in Pr.Commissioner of Wealth Tax vs. Raghu Hari Dalmia held that a valuation report made by a registered...
![MoU found during Search can’t be treated as ‘belong to Assessee’ as it does not contain Signature of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Search-Taxscan.jpg "MoU found during Search can’t be treated as ‘belong to Assessee’ as it does not contain Signature of Assessee: 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]](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]")
![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]
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]")
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]")