#Section 153A
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1,339 articlesIncome Tax
Income Tax
Approval accorded u/s. 153D without application of mind is unenforceable in law
Income Tax
Income Tax
Income generated cannot be held bogus only based on modus operandi
Income Tax
Income Tax
Third party statement recorded u/s 132(4) not an incriminating document for addition u/s 153A
Income Tax
Income Tax
Notional interest not taxable as bank statement doesn’t show credit of any interest
Income Tax
Income Tax
Section 153A cannot be invoked if escaped income is not represented “in the form of asset”
Income Tax
Income Tax
Assessment u/s 153C beyond six assessment year is without jurisdiction
Income Tax
Income Tax
Assessment order passed is not legal as approval u/s 153D was given in mechanical manner
Income Tax
Income Tax
No violation of rule 46A as tally accounts produced before CIT(A) provided only better clarity
Income Tax
Income Tax
Addition u/s 69 based on loose papers sustained on failure to contradict facts found during search
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Income Tax
Addition unsustainable as identity and creditworthiness of investor company duly proved
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Addition u/s 68 untenable as AO failed to conduct independent investigation
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Addition u/s 68 beyond jurisdiction if amount already declared as turnover
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Income Tax
Notional rent should be computed on the basis of municipal rateable value
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Income Tax
