Search and Seizure Operation u/s 132 of the Income-tax Act, 1961

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Last updated: 22 July 2021
Quick Summary
This case involves appeals against orders confirming additions made by the Assessing Officer following a search and seizure operation under Section 132 of the Income-Tax Act, 1961. The assessee argued that the Assessing Officer's order was invalid and that Section 153C was applied without proper jurisdiction. The appeals also contested additions made on account of bank deposits and unexplained purchases, with the assessee arguing for the application of the 'peak theory' and claiming double additions.

Court :
ITAT Bangalore

Brief :
These appeals by the assessee are against the separate orders, all dated 31.12.2019 of the CIT(Appeals)-11, Bengaluru for the assessment years 2008-09 to 2011-12. These appeals were heard together and disposed of by this common order for the sake of convenience.

Citation :
ITA 292/BANG/2020

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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