Tag Archives: Section 153C

No Disallowance U/S 40A(3) if cash payment made on Seller’s Insistence : ITAT

By | March 2, 2019

ITAT Indore DCIT Vs M/s. Brilliant Sare Reality Pvt. Ltd. Appeal Number : IT(SS)A No. 44/Ind/2015 This appeal and cross objection pertaining to the assessment year 2007-08 have filed by the revenue and the assessee against order of the Commissioner of Income Tax (Appeals)-I, Indore dated 22.10.2014. 2. In cross objection the assessee has raised… Read More »

Incriminating material during search is pre-requisite for assessment of other person under sec. 153C

By | September 17, 2016

Held We are in agreement with the views expressed by the Karnataka High Court that incriminating material is a pre-requisite before power could have been exercised under section 153C read with section 153A. HIGH COURT OF CALCUTTA Commissioner of Income-tax, Kolkata-III v. Veerprabhu Marketing Ltd. GIRISH CHANDRA GUPTA AND ARINDAM SINHA, JJ. IT APPEAL NO.… Read More »

No Search proceddings under Section 153C due to seizure of CA Hard disk containing Income tax return data of Client

By | October 31, 2015

HIGH COURT OF DELHI Commissioner of Income-tax.-7 v. RRJ Securities Ltd. DR. S.MURALIDHAR AND VIBHU BAKHRU, JJ. IT APPEAL NOS. 164,175,176 & 177 OF 2015 OCTOBER  30, 2015 N.P. Sahni Senior Standing Counsel and Nitin Gulati Junior Standing Counsel for the Appellant. Kapil Goyal and V.M. Chaurasia for the Respondent. JUDGMENT Vibhu Bakhru, J –… Read More »