Assessee challenges assumption of jurisdiction under section 153C of the Income Tax Act, 1961

Last updated: 24 July 2021

Save Share

Quick Summary

This case involves four appeals concerning assessment years 2012-13 to 2014-15, with the assessee primarily challenging the Income Tax Officer's (ITO) assumption of jurisdiction under Section 153C of the Income Tax Act, 1961. The assessee argues that the seized documents relied upon by the ITO do not belong to them and that there was no incriminating material found to justify assuming jurisdiction. Furthermore, the assessee contests additions made for unexplained advances and alleged interest income, particularly as their business had not yet commenced.

Court :
ITAT Ahmedabad

Brief :
Present four appeals are directed against common order of the ld.CIT(A)-12, Ahmedabad dated 13.3.2018 passed for the Asstt.Year 2012-13 to 2014-15. Out of the above four appeals, ITA No.1286/Ahd/2018 is a cross appeal at the instance of the Revenue in the Asstt.Year 2014-15; rest three appeals are by the assessee. Since common issues are involved, therefore, we heard all these appeals together and deem it appropriate to adjudicate them by this common order.

Citation :
ITA No.1286/Ahd/2018

Daily Limit Reached