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1 - 10 of 17 (0.28 seconds)Section 69B in The Income Tax Act, 1961 [Entire Act]
Section 153C in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 153B in The Income Tax Act, 1961 [Entire Act]
Section 133A in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax, Central Iii vs M/S Lavanya Land Pvt. Ltd. on 5 August, 2019
The Hon'ble Bombay High
Court in case of CIT vs. Lavanya Lands Pvt. Ltd., 397 ITR 246 (Bom.) held that
where seized documents were not in name of the assessee, no action could be
taken in case of assessee u/s 153C of the Act and further, the entire decision
being based on huge amounts revealed from seized documents not being
14
ITA No.547 & IT(SS)A 56/Srt/2024 A.Y 20-21
Rajesh Poddar
supported by actual cash passing hands, addition u/s 69C of the Act was not
sustainable.
Article 153 in Constitution of India [Constitution]
M/S. Deluxe Tube Traders & Scrap ... vs Income-Tax Officer,, on 27 March, 2018
The Hon'ble Gujarat High Court in case of CIT vs. M. P. Scrap Trader, 372 ITR
507 (Guj.) held that where the AO, while making addition in the hands of the
assessee-firm as well as its partners, solely relied upon statement of partner
recorded at the time of survey, which was subsequently retracted, additions
made by the AO were to be deleted. In view of these authoritative precedents
and after considering the facts as discussed above, we are of the considered
view that there is no infirmity in the order of CIT(A), which we confirm.
Accordingly, ground Nos. 1 and 2 of the appeal of revenue are dismissed.