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1 - 10 of 60 (2.01 seconds)Section 153D in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 132A in The Income Tax Act, 1961 [Entire Act]
Section 68 in The Income Tax Act, 1961 [Entire Act]
Delay In Filing The Appeal) Pcit ... vs Anand Kumar Jain (Huf) on 15 February, 2021
Sl.No. 14 to 16:In these cases no incriminating material was found during
search and the addition has been made on account of unsecured loan received
during the year on the basis of statement recorded u/s 132(4) of the brother of
the appellant during search and that no confirmation or statement to confront
the same was done during search or assessment proceeding. Reliance is placed
upon the decision of Delhi High Court in the case of PCIT vs. Shiv Kumar
Agarwal, ITA No 231 of 2022 dated 28.07.2022, PCIT vs. Anand Kumar Jain
(2021) 432 ITR 384 dated 12.02.2021, Best Infrastructure India (P.)
Section 148 in The Income Tax Act, 1961 [Entire Act]
Section 154 in The Income Tax Act, 1961 [Entire Act]
Pr. Commissioner Of Income Tax Central 3 vs Abhisar Buildwell P. Ltd. on 24 April, 2023
After hearing
both sides, we are of the view that the issue is squarely covered in favour of
the assessees as far as aforesaid assessments are concerned, by order of
Hon'ble Supreme Court in the case of Pr. CIT vs. Abhisar Buildwell (P) Ltd.
(supra). Accordingly, the additions made in the aforesaid assessment
orders deserve to be deleted.