DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2, LUDHIANA vs. AB ALCOBEV PRIVATE LIMITED, DELHI

In the result, appeals of Revenue are dismissed, Cross\nObjections of the assessee for

158B(b) of the Act. It is for the above\nreason that Sections 153A and 153C begin with a non-obstante clause in order\nto make these provisions exclusive of Sections 139, 147, 148, 149, 151 and 153\nof the Act. If a search operation does not lead to detection of undisclosed income\nas defined in Chapter

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2,, LUDHIANA vs. AB ALCOBEV PRIVATE LIMITED, DELHI

In the result, appeals of Revenue are dismissed, Cross\nObjections of the assessee for

158B(b) of the Act. It is for the above\nreason that Sections 153A and 153C begin with a non-obstante clause in order\nto make these provisions exclusive of Sections 139, 147, 148, 149, 151 and 153\nof the Act. If a search operation does not lead to detection of undisclosed income\nas defined in Chapter

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2, LUDHIANA , LUDHIANA vs. AB ALCOBEV PRIVATE LIMITED, DELHI

In the result, appeals of Revenue are dismissed, Cross\nObjections of the assessee for

158B(b) of the Act. It is for the above\nreason that Sections 153A and 153C begin with a non-obstante clause in order\nto make these provisions exclusive of Sections 139, 147, 148, 149, 151 and 153\nof the Act. If a search operation does not lead to detection of undisclosed income\nas defined in Chapter

SHRI BALRAM KRISHAN,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH, CHANDIGARH

Section 69B of the Act. In absence of any other material on\nrecord, addition was correctly deleted. Tax Appeal is, therefore, dismissed.”\n11. A perusal of the above judgments would indicate that mere valuation report is not\nsufficient to conclude that the assessee has made unexplained investment. From perusal\nof the assessment, nowhere it reveals that inspite of search, Revenue

SCOTT EDIL PHARMACIA LTD.,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH

158B of the Income-tax Act, 1961 - Block assessment in search cases Undisclosed\nincome - Assessment year 1999-2000- Whether where no incriminating material\nwhatsoever was found during search that might show that assessee had made more\ninvestment in properties than their declared value, addition could not be made by\ntreating investment as undisclosed on basis of any DVO's report

SHRI BALRAM KRISHAN,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH, CHANDIGARH

158B of the Income-tax Act, 1961 - Block assessment in search cases Undisclosed\nincome - Assessment year 1999-2000- Whether where no incriminating material\nwhatsoever was found during search that might show that assessee had made more\ninvestment in properties than their declared value, addition could not be made by\ntreating investment as undisclosed on basis of any DVO's report

MAXPORT INDIA PRIVATE LIMITED,CHANDIGARH vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,CHANDIGARH, CHANDIGARH

158B of the Income-tax Act, 1961 - Block assessment in search cases Undisclosed\nincome - Assessment year 1999-2000- Whether where no incriminating material\nwhatsoever was found during search that might show that assessee had made more\ninvestment in properties than their declared value, addition could not be made by\ntreating investment as undisclosed on basis of any DVO's report

MAXPORT INDIA PRIVATE LIMITED,CHANDIGARH vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,CHANDIGARH, CHANDIGARH

158B of the Income-tax Act, 1961 - Block assessment in search cases Undisclosed\nincome - Assessment year 1999-2000- Whether where no incriminating material\nwhatsoever was found during search that might show that assessee had made more\ninvestment in properties than their declared value, addition could not be made by\ntreating investment as undisclosed on basis of any DVO's report

SANJEEV AGGARWAL,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1 , CHANDIGARH

158B of the Income-tax Act, 1961 - Block assessment in search cases Undisclosed\nincome - Assessment year 1999-2000- Whether where no incriminating material\nwhatsoever was found during search that might show that assessee had made more\ninvestment in properties than their declared value, addition could not be made by\ntreating investment as undisclosed on basis of any DVO's report

SCOTT EDIL PHARMACIA LTD.,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH

158B of the Income-tax Act, 1961 - Block assessment in search cases Undisclosed\nincome - Assessment year 1999-2000- Whether where no incriminating material\nwhatsoever was found during search that might show that assessee had made more\ninvestment in properties than their declared value, addition could not be made by\ntreating investment as undisclosed on basis of any DVO's report

SHRI BALRAM KRISHAN,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH, CHANDIGARH

158B of the Income-tax Act, 1961 - Block assessment in search cases Undisclosed\nincome - Assessment year 1999-2000- Whether where no incriminating material\nwhatsoever was found during search that might show that assessee had made more\ninvestment in properties than their declared value, addition could not be made by\ntreating investment as undisclosed on basis of any DVO's report

SCOTT EDIL ADVANCE RESEARCH LABORATORIES AND EDUCATION LIMITED,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH

158B of the Income-tax Act, 1961 - Block assessment in search cases Undisclosed\nincome - Assessment year 1999-2000- Whether where no incriminating material\nwhatsoever was found during search that might show that assessee had made more\ninvestment in properties than their declared value, addition could not be made by\ntreating investment as undisclosed on basis of any DVO's report

SCOTT EDIL PHARMACIA LTD.,CHANDIGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, CHANDIGARH

158B of the Income-tax Act, 1961 - Block assessment in search cases Undisclosed\nincome - Assessment year 1999-2000- Whether where no incriminating material\nwhatsoever was found during search that might show that assessee had made more\ninvestment in properties than their declared value, addition could not be made by\ntreating investment as undisclosed on basis of any DVO's report