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1 - 10 of 25 (0.49 seconds)The Income Tax Act, 1961
Section 68 in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Pr. Commissioner Of Income Tax vs Kurele Paper Mills P. Ltd on 7 December, 2015
Similar view were expressed in the case Pr.
CIT vs. Kurele Paper Mills P. Ltd reported at 380 ITR 571 (Delhi High Court),.
Wherein it was held that no incriminating material with regard to hare capital
issued was found during the course of search and hence the assessing officer
was not justified in invoking section 68. In all these cases it was held that no
addition can be made in the hands of the assessee, if there is no incriminating
ITA 728-731/Amr/2019 19
document found during the course of search pertaining to the year under
consideration. In fact all the documents pertained to AY 2017-18, none was
pertaining to the years under consideration .On account of the above we find
merits in the appeals of the assessee and hence the appeals of the assessee
are required to be allowed on this ground alone. We allow all the appeals of
the assessee.
Pr. Commissioner Of Income Tax 2 Delhi vs M/S Best Infrastructure (India) Pvt. ... on 14 May, 2018
CIT vs. Best Infrastructure Pvt. Ltd. &Ors reported at 397 ITR 82 (Delhi High
Court): CIT vs. Deepak Kumar Agarwal - 398 ITR 586 (Bombay High Court):
Commissioner Of Income-Tax vs Deepak Kumar Agarwal on 21 April, 1998
CIT vs. Best Infrastructure Pvt. Ltd. &Ors reported at 397 ITR 82 (Delhi High
Court): CIT vs. Deepak Kumar Agarwal - 398 ITR 586 (Bombay High Court):
Pr Commissioner Of Income Tax- 4 vs Saumya Construction Pvt Ltd on 27 January, 2021
17. Further in the case of Principal CIT vs. Saumya Construction - 387 ITR 529
(Gujarat High Court): It was held that if in relation to any assessment year, no
incriminating document is found, no addition or disallowance can be made in
relation to that assessment year.
Section 153C in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax (Central) ... vs Kabul Chawla on 29 March, 2016
(d) CIT vs. Kabul Chawla - 380 ITR 573 (Delhi High Court): The action of the ITAT
in deleting the addition u/s 2(22)(e) since it was not based on any incriminating
document seized during the search was upheld. Copy of the decision is enclosed at
page no. 71 to 76.