Search Results for "Chapter XIV-B"

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Search Results for "Chapter XIV-B"

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High Court

High Court Quashes Income Tax Reopening Notices in Search-Based Assessment Cases Due to Mandatory Application of Section 153C. Assessing Officer Cannot Invoke General Reassessment Provisions Under Sections 147/148 When Material Originates from Search Under Section 132/132A, as Special Provisions Under Section 153C Override and Require Exclusive Procedural Compliance.

7 Jan 2026

The judgment concerned a group of petitions challenging notices issued under Section 148 of the Income-tax Act, 1961, reopening assessments under Sect...

High Court

Madras High Court Allows Revenue's Appeals in Income Tax Block Assessment Case - Upholds Addition of Unexplained Cash Credits Under Section 68 of Income Tax Act, 1961. The court held that the assessee failed to prove the genuineness of cash credits, reversing the Tribunal's order.

29 Jan 2025

The Revenue filed appeals under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, 'B' Bench, Chennai, w...

Supreme Court

Supreme Court Dismisses Assessee's Appeal in Income Tax Block Assessment Case on Levy of Interest and Surcharge. Interest under Section 158BFA(1) of Income Tax Act, 1961 upheld for belated filing of block period return despite notice issued under Section 158BD prior to amendment, as provision inherently incorporates Section 158BC procedure.

13 Jan 2023

The Supreme Court addressed a group of appeals concerning the levy of interest under Section 158BFA(1) and surcharge under Section 113 of the Income T...

High Court

Bombay High Court Allows Petition Challenging Interest and Surcharge in Settlement Commission Order for Block Assessment Years. Held that Settlement Commission cannot levy interest under Section 220(2) and surcharge under Section 113 of the Income Tax Act, 1961 for block assessment years prior to the date of search.

25 Feb 2022

The petitioner, M/s. Karia Erectors Private Limited, challenged the legality and validity of orders passed by the Income Tax Settlement Commission (re...

High Court

High Court of Karnataka Dismisses Revenue's Appeal in Block Assessment Case — Unexplained Investments Not Proven as Income. The court held that the Assessing Officer failed to establish that the cash credits and investments belonged to the assessee, and the ITAT correctly deleted the additions.

11 Apr 2014

The case involves appeals by the Revenue under Section 260A of the Income Tax Act, 1961, against the common order of the Income Tax Appellate Tribunal...

High Court

High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Block Assessment Case — Unexplained Investments Not Established as Income from Undisclosed Sources. The court held that the Assessing Officer must demonstrate that the investment is not recorded in the books of account and that the assessee fails to explain the nature and source thereof to treat it as undisclosed income under Chapter XIV-B of the Income Tax Act, 1961.

25 Nov 2013

The case involves two appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961, against the common order of the Income Tax Appellat...

High Court

Bombay High Court Dismisses Revenue's Appeal in Income Tax Case, Allows Deduction Under Section 80IB(10) on Undisclosed Income. Deduction under Section 80IB(10) is allowable on undisclosed income computed under Section 69A, and a fresh claim can be raised before appellate authorities even if not made in the return.

27 Jul 2012

The appeal by the revenue under Section 260A of the Income Tax Act, 1961 challenged the order of the Income Tax Appellate Tribunal dated 12/10/2009 re...

High Court

Bombay High Court Allows Revenue Appeal in Income Tax Block Assessment Penalty Case — Tribunal Erred in Deleting Penalty Under Section 158BFA(2) Despite Assessee's Appeal Against Assessment Order. Filing of appeal against assessment order precludes immunity from penalty under proviso to Section 158BFA(2) of Income Tax Act, 1961.

5 Apr 2010

The Revenue appealed against the order of the Income Tax Appellate Tribunal which had deleted a penalty of Rs.42,90,000/- imposed under Section 158BFA...

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