Search & seizure operation u/s 132 of the Income Tax Ac

Last updated: 14 August 2021

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This Income Tax Appellate Tribunal (ITAT) Delhi ruling addresses an appeal by the Revenue concerning a search and seizure operation under Section 132 of the Income Tax Act for the assessment year 2011-12. The Assessing Officer (AO) had made additions to the assessee's income, suspecting undisclosed cash payments ('on money') for property bookings. However, the ITAT found no cogent evidence to substantiate these claims, noting it was the company's first year of operation and that seized documents showed no discrepancies with recorded rates. Consequently, the Revenue's appeal was dismissed.

Court :
ITAT Delhi

Brief :
This appeal filed by the Revenue is directed against the order dated 31.03.2016 of the learned CIT(A)-29, New Delhi, relating to Assessment Year 2011-12.

Citation :
ITA No.3563/DEL/2016

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

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3 Years PLAN

4999

(Excl. of GST ₹899)

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Attached File : 1442821_4188_1628761043_3563_2016_a_et_infra_developers_pvt_ltd.pdf

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Judgement posted by

Poojitha Raam Vinay

Practice

I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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