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Addition u/s 153C cannot be made based on Documents found during Survey: ITAT [Read Order]

Aparna. M

The Mumbai bench of Income Tax appellate tribunal (ITAT) recently held that addition under section 153C of Income Tax Act 1961 could not be made...

Seized Document does not contain Name of Assessee: ITAT deletes Assessment u/s 153C [Read Order]

Assessing Officer can't invoke jurisdiction u/s 153C and Seize material belonging to a Third Party...

Proceedings u/s 153C of Income Tax Act in absence of any Incriminating Material is Bad in Law: ITAT...

Proceedings u/s 153C cannot be initiated in absence of incriminating material found during search:...

Amount already offered to Tax by Assessee: ITAT quashes revision order by PCIT [Read Order]

The Banglore Bench of the Income Tax Appellate Tribunal has recently held that the amount already offered to tax by assessee cannot be added to assessment by the Assessing Officer(AO) under the...

Recovery of Share Certificate allotted to Investor Companies found at the Premises of Issuing Company is not 'Incriminating Material': Delhi HC quashes Income Tax Addition [Read Order]

A division bench of the Delhi High Court, while dismissing a bunch of appeals by the income tax department has held that the recovery of share certificate allotted to investor companies found at the...

Delhi HC rejects Recovery of Annual Report and Share Certificate from Assessee as Incriminating Documents [Read Order]

A Division Bench of the Delhi High Court while upholding the order of the Delhi Bench of the Income Tax Appellate Tribunal(ITAT), held that, the recovery of annual report and share certificates from...

Satisfaction to be Recorded by the AO before issue of 153C Notice: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam Bench, has recently in the appeals filed before it by an Assessee, held that satisfaction is to be recorded by the Assessing Officer (AO),...

No Income Tax Addition U/S 153A and 153C If No Incriminating Material is found during course of Search: Delhi HC [Read Order]

The division bench of the Delhi High Court has held that no addition under sections 153A and 153C if no incriminating material is found during the course of the search. Based on the search...

Delhi HC stays Assessment Order passed under Section 153C of the Income Tax Act as revenue failed to furnish evidence Linking Assessee and Other person [Read Order]

The Delhi High Court stayed the assessment order passed under Section 153C of the Income Tax Act as revenue failed to furnish evidence linking the assessee and the other person. The petitioner,...

Satisfaction Note by AO that Documents belong to Other Person is enough to proceed against such Person u/s 153C: SC [Read Judgment]

In a significant ruling, the Apex Court, while upholding the view of the High Court held that the satisfaction note by the Assessing Officer(AO) clearly states that the documents so seized belonged to...

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