Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
Facts, in brief, as per the relevant orders are that return declaring income of `.39,90,410/- was filed by the assessee on 18th July, 2006. Subsequently on 26th April, 2007, a search u/s 132 of the Income Tax Act 1961, (hereinafter referred to as the Act) and a survey u/s 133A of the Act was conducted in the premises of M/s A.K. Capital Services Ltd and its group companies as also in the premises of Directors of these companies and their relatives. Consequently, a notice u/s 153 C of the Act was issued on 7th Oct. 2009 .In response, the assessee replied vide their letter dated 13th Oct. 2009 that return already filed on 18th July 2006 may be treated as return in response to notice u/s 153 C of the Act. During the course of assessment proceedings, the Assessing Officer (AO in short) referred the valuation of following premises to DVO u/s 142 A of the Act :-
i. Office Premises no. 101, Kaivana Building Malkans, Near Polytechnic Ahmedabad.;
ii. Office Premises no. 102, Kaivana Building, Malkans, Near Polytechnic, Ahmedabad; and
iii. Commercial Property at Chowranghee, Kolkata.
Citation :
DCIT,Central Circle-20 , Room no. 333,E-2,ARA Centre, Jhandewalan Extension New Delhi (Appellant) V/s. Mr. Abhinav Kumar Mittal V-287, Rajouri Garden New Delhi [PAN: AAAAH2567C] (Respondent)
Subscribe to CCI PRO for unlimited access
Already a PRO member? Login here for an ad-free experience.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
