S. 153C : Assessment-Income of any other person-Search-Share capital-Cash credits-Bogus accommodation entries-No incriminating material brought on record -SLP of Revenue is dismissed.[S.68, 132, 153A]
S. 153C : Assessment-Income of any other person-Search-Share capital-Cash credits-Bogus accommodation entries-No incriminating material brought on record -SLP of Revenue is dismissed.[S.68, 132, 153A]
S. 153A : Assessment-Search-No incriminating material-Unabated assessments-No addition can be made-Order of Tribunal is affirmed. [S. 132, Art.226]
S. 153A : Assessment-Search-Ledge account-Not incriminating material-Unabated and concluded assessment-Addition cannot be made. [S. 132, 143(3), 153A(1)(b)]
S. 153A : Assessment-Search-Ledge account-Not incriminating material-Unabated and concluded assessment u/s 143(1)-Failure to deduct tax at source-No disallowance can be made. [S.10 (26), 40(a)(ia), 132, 143(1)]
S. 153A : Assessment-Search-Alleged bogus long-term capital gains-No incriminating material-assessments cannot be substantiated. [S.45, 68, 69C, 132]
S. 153A : Assessment-Search-No incriminating material was found-Share capital-Investor companies had ample funds to make investment in share capital-Opportunity of cross examination was not provided-Deletion of the addition was affirmed. [S. 68, 260A]
S. 153A : Assessment-Search or requisition-Total income-Completed Assessments remain unabated -No addition permissible for such years in absence of incriminating material having been found in search – Completed or unabated assessments can be reopened under Section 147 or 148 of the Act-Miscellaneous application of Revenue is dismissed. [2(45), 131, 132, 132A, 143(1), 143(3), 147, 148, 150(2), 285BA]
S. 153A : Assessment-Search-No incriminating material-Addition cannot be made in respect of unabated assessments-SLP of Revenue is dismissed. [S. 132 Art. 136]
S. 153A : Assessment-Search-No incriminating material was found-Share capital-Investor companies had ample funds to make investment in share capital-Opportunity of cross examination was not provided-SLP of Revenue is dismissed. [S. 68, Art. 136]
S. 151 : Reassessment-Sanction for issue of notice-After the expiry of four years-Satisfaction recorded by Joint Commissioner-The notice issued under section 148 and order is set aside. [S. 147, 148, 151 (1), Art. 226]