Section 153c of income tax act
Web10 Apr 2024 · “Whether the amendment brought to Section 153C of the Income Tax Act, 1961 vide Finance Act, 2015 would be applicable to searches conducted under Section … Web25 Mar 2024 · The Ahmadabad bench of Income Tax Appellate Tribunal (ITAT) has recently held that amendment in section 153c Income Tax Act 1961 was prospective and the material found from premises of searched persons should belong to such person to initiate proceedings.. Section 153C Income Tax Act 1961 provides that assessment of income of …
Section 153c of income tax act
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Web17 Mar 2024 · The First Proviso to section 153C of the Income Tax Act provides that six assessment years in which assessment or re-assessments could be made under section … Web10 Apr 2024 · Under the unamended Section 153C, the proceeding against other persons (other than the searched person) was based on the seizure of books of account or …
WebA welcome judgement from the honorable Supreme Court, a bench comprising Justices MR Shah and CT Ravikumar. Excerpt from the judgement: The amendment was… Web31 Oct 2024 · Income Tax - Validity of Assessment u/s 153C - Notice issued by any... Income Tax Validity of Assessment u/s 153C - Notice issued by any officer other than jurisdictional AO - the entire conspectus of the case, it appears that the AO had recorded the satisfaction note prior to assuming jurisdiction over the case of the assessee as the AO …
WebBREAKING 2015 Amendment To Section 153C Of Income Tax Act Will Apply To Searches Conducted Prior To Date Of Amendment : Supreme Court #supremecourt #tax WebBREAKING 2015 Amendment To Section 153C Of Income Tax Act Will Apply To Searches Conducted Prior To Date Of Amendment : Supreme Court #supremecourt #tax
Web10 Apr 2024 · Gujarat High Court held that issuance of notice for reassessment under section 148 of the Income Tax Act beyond the period of six years from the end of the relevant assessment year is barred by limitation. Facts- In the present petition filed under Article 226 of the Constitution, the petitioner has called in question the notice dated …
Web28 Jan 2024 · The Mumbai bench of Income Tax appellate tribunal (ITAT) recently held that addition under section 153C of Income Tax Act 1961 could not be made based on documents found during the survey.. Section 153 (C) of Income Tax Act 1961 provides that assessment of income of any other person who are not mentioned in section153 (A) of … paintings in hospitals charityWeb10 Oct 2024 · Section 153C of the Income Tax Act: Assessment of income of any other person. (1) Notwithstanding anything contained in section 139 , section 147 , section 148 … sucht reha drvWeb10 May 2024 · Section 153 A of the Income Tax Act, 1961 specifies the system for assessing income in the case of a searched person. In terms of the stated clause, the Assessing Officer might frame assessment of a searched individual for six assessment years immediately proceeding the year of search. sucht screeningWebAmendment of section 153B X X X X Extracts X X X X. → Full Text of the Document. X X X X Extracts X X X Xafter clause (ii), the following clause shall be inserted with effect from the 1st day of October, 2014, namely:- (iia) the period commencing from the date on which the Assessing Officer makes a refe ..... such trendWebany person is in owning of any money, bullion or jewellery, or misc invaluable article or things and these assets represent to wholly or partly aforementioned income or property which has does been or would did be disclosed by the person concerned for to use of to Act. Search and Seizure under Income Tax Act paintings in glass onionWebThe petitioner is an individual and is assessed to tax under the Income-tax Act, 1961 [ª Act º for short]. The petitioner has challenged the order dated 2 nd ... September 2012 issued under Section 153C of the Act. The petitioner and … such thing slow newsWeb6 Sep 2024 · The challenge in the present writ petition is to an assessment order dated 29-12-2024 passed by the Assistant Commissioner of Income Tax, Central Circle-I, … suchtsymptomen