J.B Education Society v. ACIT

159 TTJ 236Income Tax Appellate Tribunal2014#5902 most cited

What is J.B Education Society v. ACIT authority for?

Undisclosed income unearthed during search and seizure operations can only be calculated to the extent of the seized material.

20

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2015 to 2023.

Also referred to as

J.B. Education Society v. ACIT · search and seizure · undisclosed income · seized material · assessment

Also reported as

98 DTR 347

Judgments citing J.B Education Society v. ACIT

LOK BHARTI MANDAL,SURAT vs. THE INCOME TAX OFFICER (EXEMPTION) WARD, SURAT

In the result, appeal filed by the assessee is partly allowed in above terms

ITA 212/SRT/2023[2008-09]Status: DisposedITAT Surat16 Jun 2023AY 2008-09

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.212/Srt/2023 "नधा"रण वष"/Assessment Year: (2008-09) (Physical Hearing) Lok Bharati Mandal, Vs. The Ito, Bharatia Vidhya Sankul, Opp. Terapanthi (Exemption) Ward, Bhavan, City Light Ropad, Surat. Surat – 395007. (Assessee) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaatl2524Q Assessee By Shri Hiren Vepari, Ca Respondent By Shri Vinod Kumar, Sr. Dr 04/05/2023 Date Of Hearing Date Of Pronouncement 16/06/2023

Section 11(1)(d)Section 143(3)

…onstitutes nothing but capital receipt which needs to be treated as forming part of the corpus. For this ld Counsel relied on the following authorities: Sr. Name Citation No. 1. Shri Ramakrishna Seva Ashrama 258 CTR 201 (Karnataka) 2. J.B. Educational Society 98 DTR 347 (Hyderabad) 3. Indian Society of Anesthesiologists 47 taxmann.com 183 (Chennai Tribunal) 4. St. Ann’s Home for the Aged 13 TTJ 185 (Banglore) 5. Shri Satya Kabir Sahabani Gadi 50 TTJ 501 (Ahmedabad Tribunal) 6. Jaipur Golden Charitable Clinical 7 DTR 350 (Delhi) Laboratory Trust 13. The ld Counsel also states that earmarked funds have been utiliz…

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. INCOME TAX OFFICER (EXEMPTION)- 1(3), MUMBAI

ITA 6954/MUM/2017[2014-15]Status: DisposedITAT Mumbai04 Jul 2018AY 2014-15

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. INCOME TAX OFFICER (EXEMPTION)- 1(3), MUMBAI

ITA 6953/MUM/2017[2013-14]Status: DisposedITAT Mumbai04 Jul 2018AY 2013-14

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. INCOME TAX OFFICER (EXEMPTION)- 1(3), MUMBAI

ITA 6952/MUM/2017[2012-13]Status: DisposedITAT Mumbai04 Jul 2018AY 2012-13

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

ITA 3801/MUM/2016[2007-08]Status: DisposedITAT Mumbai04 Jul 2018AY 2007-08

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

ITA 3800/MUM/2016[2006-07]Status: DisposedITAT Mumbai04 Jul 2018AY 2006-07

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

ITA 3795/MUM/2016[2009-10]Status: DisposedITAT Mumbai04 Jul 2018AY 2009-10

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

ITA 3794/MUM/2016[2008-09]Status: DisposedITAT Mumbai04 Jul 2018AY 2008-09

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

ITO (E) 1(3), MUMBAI vs. FREE TRADE UNION, MUMBAI

ITA 3793/MUM/2016[2005-06]Status: DisposedITAT Mumbai04 Jul 2018AY 2005-06

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-43 OR CIT CENTRAL 4, MUMBAI

ITA 3084/MUM/2016[2009-10]Status: DisposedITAT Mumbai04 Jul 2018AY 2009-10

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-43 OR CIT CENTRAL 4, MUMBAI

ITA 3083/MUM/2016[2008-09]Status: DisposedITAT Mumbai04 Jul 2018AY 2008-09

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-43 OR CIT CENTRAL 4, MUMBAI

ITA 3082/MUM/2016[2007-08]Status: DisposedITAT Mumbai04 Jul 2018AY 2007-08

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-43 OR CIT VENTRAL 4, MUMBAI

ITA 3081/MUM/2016[2006-07]Status: DisposedITAT Mumbai04 Jul 2018AY 2006-07

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

M/S. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST,MUMBAI vs. DCIT, CENTRAL CIRCLE-4, MUMBAI

ITA 3080/MUM/2016[2005-06]Status: DisposedITAT Mumbai04 Jul 2018AY 2005-06

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

ITA 3136/DEL/2014[2009-10]Status: DisposedITAT Delhi08 Jul 2016AY 2009-10

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

For Appellant: Sh. Surinder Mahajan, CA &For Respondent: Smt. Sunita Kejriwal, CIT(DR)
Section 153ASection 263Section 40A(3)Section 80I

…operations can be calculated only to the extent of the seized material and relied upon the following case laws:- a. Fort Projects (P) Ltd. Vs. DCIT (2012) 145 TTJ 0340 ITA NOS. 3132-3136/Del/2014 (Kolkata Tribunal) b. J.B Education Society vs. ACIT (2014) 98 DTR 347 (Hyderabad Tribunal) 6.3 Ld. AR of the assessee further stated that every erroneous order cannot be the subject matter of revision unless it is prejudicial to the interest of revenue as well. In this regard, he placed reliance upon the following decisions:- a. Malabar Industrial Co. Ltd. (243 ITR 83(SC» b. CIT vs. Green World Corp. (314 ITR 81…

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

ITA 3135/DEL/2014[2008-09]Status: DisposedITAT Delhi08 Jul 2016AY 2008-09

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

For Appellant: Sh. Surinder Mahajan, CA &For Respondent: Smt. Sunita Kejriwal, CIT(DR)
Section 153ASection 263Section 40A(3)Section 80I

…operations can be calculated only to the extent of the seized material and relied upon the following case laws:- a. Fort Projects (P) Ltd. Vs. DCIT (2012) 145 TTJ 0340 ITA NOS. 3132-3136/Del/2014 (Kolkata Tribunal) b. J.B Education Society vs. ACIT (2014) 98 DTR 347 (Hyderabad Tribunal) 6.3 Ld. AR of the assessee further stated that every erroneous order cannot be the subject matter of revision unless it is prejudicial to the interest of revenue as well. In this regard, he placed reliance upon the following decisions:- a. Malabar Industrial Co. Ltd. (243 ITR 83(SC» b. CIT vs. Green World Corp. (314 ITR 81…

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

ITA 3134/DEL/2014[2007-08]Status: DisposedITAT Delhi08 Jul 2016AY 2007-08

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

For Appellant: Sh. Surinder Mahajan, CA &For Respondent: Smt. Sunita Kejriwal, CIT(DR)
Section 153ASection 263Section 40A(3)Section 80I

…operations can be calculated only to the extent of the seized material and relied upon the following case laws:- a. Fort Projects (P) Ltd. Vs. DCIT (2012) 145 TTJ 0340 ITA NOS. 3132-3136/Del/2014 (Kolkata Tribunal) b. J.B Education Society vs. ACIT (2014) 98 DTR 347 (Hyderabad Tribunal) 6.3 Ld. AR of the assessee further stated that every erroneous order cannot be the subject matter of revision unless it is prejudicial to the interest of revenue as well. In this regard, he placed reliance upon the following decisions:- a. Malabar Industrial Co. Ltd. (243 ITR 83(SC» b. CIT vs. Green World Corp. (314 ITR 81…

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

ITA 3133/DEL/2014[2006-07]Status: DisposedITAT Delhi08 Jul 2016AY 2006-07

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

For Appellant: Sh. Surinder Mahajan, CA &For Respondent: Smt. Sunita Kejriwal, CIT(DR)
Section 153ASection 263Section 40A(3)Section 80I

…operations can be calculated only to the extent of the seized material and relied upon the following case laws:- a. Fort Projects (P) Ltd. Vs. DCIT (2012) 145 TTJ 0340 ITA NOS. 3132-3136/Del/2014 (Kolkata Tribunal) b. J.B Education Society vs. ACIT (2014) 98 DTR 347 (Hyderabad Tribunal) 6.3 Ld. AR of the assessee further stated that every erroneous order cannot be the subject matter of revision unless it is prejudicial to the interest of revenue as well. In this regard, he placed reliance upon the following decisions:- a. Malabar Industrial Co. Ltd. (243 ITR 83(SC» b. CIT vs. Green World Corp. (314 ITR 81…

SURYA MERCHANTS LTD.,NEW DELHI vs. CIT, KANPUR

In the result, all the five Appeals filed by the Assessee stand

ITA 3132/DEL/2014[2005-06]Status: DisposedITAT Delhi08 Jul 2016AY 2005-06

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

For Appellant: Sh. Surinder Mahajan, CA &For Respondent: Smt. Sunita Kejriwal, CIT(DR)
Section 153ASection 263Section 40A(3)Section 80I

…operations can be calculated only to the extent of the seized material and relied upon the following case laws:- a. Fort Projects (P) Ltd. Vs. DCIT (2012) 145 TTJ 0340 ITA NOS. 3132-3136/Del/2014 (Kolkata Tribunal) b. J.B Education Society vs. ACIT (2014) 98 DTR 347 (Hyderabad Tribunal) 6.3 Ld. AR of the assessee further stated that every erroneous order cannot be the subject matter of revision unless it is prejudicial to the interest of revenue as well. In this regard, he placed reliance upon the following decisions:- a. Malabar Industrial Co. Ltd. (243 ITR 83(SC» b. CIT vs. Green World Corp. (314 ITR 81…

ASST CIT CC 43, MUMBAI vs. FREE TRADE UNION MULTIPURPOSE PROJECT TRUST, MUMBAI

ITA 1336/MUM/2014[2003-04]Status: DisposedITAT Mumbai16 Dec 2015AY 2003-04

Bench: Sri Mahavir Singh, Jm & G. Manjunatha, Am

For Appellant: N. R Agrawal, ARFor Respondent: Pooja Swaroop, Sr.DR
Section 11Section 13(1)Section 132Section 139Section 143(2)Section 143(3)Section 147Section 148

…IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SRI MAHAVIR SINGH, JM AND G. MANJUNATHA, AM ITA No. 3080 To 3084/Mum/2016 and ITA No. 6952 To 6954/Mum/2017 (A.Y. 2005-06, 2006-07, 2007-08, 2008-09,2009-10,2012-13, 2013-14 and 2014-15) M/s Free Trade Union The Income Tax Officer Multipurpose Project Trust, (Exemptions)-1(3), Mumbai- 4 th Kennedy House, Floor, 400 012 Vs. Goregaonkar Road, Nana Chowk, Mumbai-400007. Appellant .. Respondent PAN No. AAAFF0003F ITA No. 1336/Mum/2014, ITA No. 3793 To 3795/Mum/2016 and ITA No. 3800 To 3801/Mum/2016 (A.Y. 2003-04, 2005-06, 2006-07, 2007-08, 2008-09 and…

J.B Education Society v. ACIT (159 TTJ 236) — Cited in 20 Judgments | BharatTax