M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

seizure, i.e., the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search assessments u/s153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of sec153A, it is evident that once search or requisition is made, a mandate

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

seizure, i.e., the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search assessments u/s153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of sec153A, it is evident that once search or requisition is made, a mandate

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD.,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

seizure, i.e., the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search assessments u/s153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of sec153A, it is evident that once search or requisition is made, a mandate

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P LTD,BILASPUR vs. ACIT CENTRAL CIRCLE 1(1), NAGPUR

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

seizure, i.e., the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search assessments u/s153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of sec153A, it is evident that once search or requisition is made, a mandate

ASSTT.COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1), NAGPUR vs. M/S RADHA MADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

seizure, i.e the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search under Sections 153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of Section 1534 of the Act, 1961, it is evident that once search

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), NAGPUR vs. M/S. RADHA RADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

seizure, i.e the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search under Sections 153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of Section 1534 of the Act, 1961, it is evident that once search

ASSTT.COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1), NAGPUR vs. M/S RADHA MADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

seizure, i.e the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search under Sections 153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of Section 1534 of the Act, 1961, it is evident that once search

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1),NAGPUR, NAGPUR vs. M/S. RADHA MADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

seizure, i.e the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search under Sections 153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of Section 1534 of the Act, 1961, it is evident that once search

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), NAGPUR vs. M/S. RADHA MADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

seizure, i.e the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search under Sections 153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of Section 1534 of the Act, 1961, it is evident that once search

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), NAGPUR vs. M/S. RADHA MADHAV DEVELOPER , NAGPUR

In the result, all the six appeals preferred by the department are dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

seizure, i.e the income which cannot be detected in ordinary course of regular assessment. Thus, the foundation for making search under Sections 153A/153C can be said to be the existence of incriminating material showing undisclosed income detected as a result of search. 10. On a plain reading of Section 1534 of the Act, 1961, it is evident that once search

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P. LTD,BILASPUR vs. DCIT CENTRAL CIRCLE-1(1), NAGPUR

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

reassess the total income of 6 years immediately preceding the AY relevant to the PY in which search is conducted. Applying this yardstick, the 6 years would go up to 13-14. The search AY, namely, 19-20 has to be excluded. This is because, the statute talks of the 6 years preceding the search AY. But, while computing

M/S MAHESHWARI COAL BENEFICATION & INFRASTRUCTURE P. LTD,BILASPUR vs. DCIT CENTRAL CIRCLE-1(1), NAGPUR

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

reassess the total income of 6 years immediately preceding the AY relevant to the PY in which search is conducted. Applying this yardstick, the 6 years would go up to 13-14. The search AY, namely, 19-20 has to be excluded. This is because, the statute talks of the 6 years preceding the search AY. But, while computing

M/S MAHESHWARI COAL BENEFICATION& INFRASTRUCTURE P. LTD,BILASPUR vs. DCIT CENTRAL CIRCLE-1(1), NAGPUR

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

reassess the total income of 6 years immediately preceding the AY relevant to the PY in which search is conducted. Applying this yardstick, the 6 years would go up to 13-14. The search AY, namely, 19-20 has to be excluded. This is because, the statute talks of the 6 years preceding the search AY. But, while computing

M/S MAHESHWARI COAL BENEFICATION& INFRASTRUCTURE P. LTD,BILASPUR vs. DCIT CENTRAL CIRCLE-1(1), NAGPUR

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

reassess the total income of 6 years immediately preceding the AY relevant to the PY in which search is conducted. Applying this yardstick, the 6 years would go up to 13-14. The search AY, namely, 19-20 has to be excluded. This is because, the statute talks of the 6 years preceding the search AY. But, while computing

M/S MAHESHWARI COAL BENEFICATION& INFRASTRUCTURE P. LTD,BILASPUR vs. DCIT CENTRAL CIRCLE-1(1), NAGPUR

In the result, appeals for the assessment year 2009–10 to 2013–14 are partly allowed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant Mmber

reassess the total income of 6 years immediately preceding the AY relevant to the PY in which search is conducted. Applying this yardstick, the 6 years would go up to 13-14. The search AY, namely, 19-20 has to be excluded. This is because, the statute talks of the 6 years preceding the search AY. But, while computing

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

reassessment in cases where search has been conducted. Thus, the legislature wanted the assessments/reassess-ments of search and seizure cases should

VISHAL KISHORILAL JAIN,NAGPUR vs. DCIT/ACIT CIRCLE-4, NAGPUR

In the result, assessee’s appeal for A

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

search and seizure action under section 132 of the was conducted on M/s. Shri Renuka Mata Multi State Urban Co-operative Credit Society Ltd. (“SRMSCS”). The Investigation Wing of the Department discovered that multiple accounts were opened in the name of the society and a huge cash deposits were made at both the Home Branches and remote Branches. These deposits

UMESH SADASHIV THAKRE ,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

In the result, all the appeals filed by the assessee are allowed and all\nthe appeals filed by the Revenue are dismissed

reassessment in cases where search has been conducted.\nThus, the legislature wanted the assessments/reassess-ments of search\nand seizure cases should