income tax search - Page 3

Section 153A: No Additions if no Incriminating Materials unearthed during search

PCIT Vs Gautam Bhalla (Delhi High Court)

PCIT Vs Gautam Bhalla (Delhi High Court) Appellant states that the ITAT has erred in holding that the addition which was not based on incriminating material found during the search, could not be made the basis for an assessment order under section 153A of the Income Tax Act, 1961 without going into merits of the […]...

Income Tax dept searches prominent business groups in Maharashtra

Income Tax Department conducts searches on prominent business groups in Maharashtra The Income Tax Department carried out a search & seizure action on 25.08.2022 on two groups engaged in the business of sand mining, sugar manufacturing, road construction, healthcare, running of medical college etc. The search action covered more than ...

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Income Tax Department searches two prominent real estate groups of Kolkata

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st August, 2022 PRESS RELEASE Income Tax Department conducts searches in West Bengal The Income Tax Department carried out a search and seizure operation on 18.08.2022 on two prominent real estate groups of Kolkata. During the course o...

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I-T dept searches Transmission Tower manufacturing group in West Bengal

Income Tax Department conducts searches on a prominent Transmission Tower manufacturing group in West Bengal The Income Tax Department carried out a search and seizure operation on 24.08.2022 on a prominent Kolkata based group, engaged in manufacturing of Power Transmission & Distribution (T&D) Structure, Steel Structures, Steel E...

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Income Tax Department searches Ceramic Tiles Group in Gujarat

Income Tax Department conducts searches in Gujarat The Income Tax Department carried out a search and seizure operation on 09.08.2022 on a business group primarily engaged in manufacturing and trading of ceramic tiles. The search action covered a total of 36 premises, spread across Rajkot, Morbi, Ahmedabad, Raipur, Guwahati, Gurgaon, and ...

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No Section 153A/153C addition If no Incriminating Material found during Search

PCIT Vs Mamta Agarwal (Delhi High Court)

If no incriminating material found during Income Tax search in respect of an issue, no addition for such issue can be made Sections 153A/153C ...

Income Tax Dept searches steel TMT Bars manufacturing group

Income Tax Department carried out a search operation on 03.08.2022 on two major groups engaged in the manufacturing of steel TMT Bars. ...

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Income Tax Department searches Jhansi based Real Estate group

Income Tax Department carried out a search operation on a Jhansi based group, engaged in the business of civil contract and real estate development. ...

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Income Tax Department searches gems & jewellery group in Rajasthan

The Income Tax Department carried out a search operation on 03.08.2022 on a Jaipur based group, engaged in the business of gems and jewellery, hospitality and real estate. The search operation has covered more than three dozen premises located in Jaipur and Kota....

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Income Tax Department conducts searches in Madhya Pradesh

Income Tax Department carried out a search operation on 14.07.2022 on a group engaged in the business of mining, sugar manufacturing and liquor. The key person of the group is also occupying a political position....

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