Notice u/s 153C – The finding of photocopies in the possession ...

High Court: Possession of Photocopies Doesn't Prove Ownership of Original Documents Under Income Tax Act Section 153C.

August 30, 2014

Case Laws Income Tax HC

Notice u/s 153C – The finding of photocopies in the possession of a searched person does not necessarily mean and imply that they “belong” to the person who holds the originals - HC

View Source

← Previous Next →

Notice u/s 153C – The finding of photocopies in the possession ...

High Court: Possession of Photocopies Doesn't Prove Ownership of Original Documents Under Income Tax Act Section 153C.

August 30, 2014

Case Laws Income Tax HC

You may also like:

Determination of sale consideration - reliance on photocopy of the alleged agreement to sell - The High Court scrutinized the circumstances surrounding the photocopy of...

Legal interpretation of the term "original asset" for claiming exemption u/s 54F of the Income Tax Act. It discusses the ownership rights over the "original asset" by...

Disallowance of depreciation on motor car - ownership - Merely disclosing an asset as its asset in its books of account will not be sufficient to prove the ownership....

Liability to pay tax on long term capital gains - cancellation document - since the cancellation document as is alleged is the title document in favour of the assessee,...

Dishonor of Cheque - The petitioner failed to explain as to what were the circumstances under which photocopy was prepared and who was in possession of the original...

The Department initiated the case based on income tax documents, which were public documents, and the presumption is on their truthfulness. The difference in value based...

The summary highlights the key difference between the scope of total income under the Income Tax Act and the Black Money (Undisclosed Foreign Income and Assets) and...

The Appellate Tribunal adjudicated on the issue of addition of interest income and penalty u/s 271(1)(c). The assessee contended that the interest income from a Fixed...

Petitioner failed to submit original shipping bills to substantiate claimed exports, providing only photocopies which were not accepted for meeting export obligation....

LTCG - deduction u/s 54F - Ownership of more than one residential house at the time of sale of an original asset - The tribunal sided with the interpretation that joint...

Rejection of refund - Non-filing of the original document is not a valid ground for rejection of the refund because the appellant has given justification for non-filing...

Undisclosed interest income - search & seizure u/s 132 - dump documents relied upon - AO has invoked the provisions u/s 292C that there is a presumption that the...

The assessee had been following the mercantile system of accounting, wherein book profits are taken for tax assessment, though credit or debit amounts may not be...

The assessee company is eligible to claim Foreign Tax Credit (FTC) against its Minimum Alternate Tax (MAT) liability u/s 115JB of the Income Tax Act for taxes paid in...

HC ruled that mere signatory status on property conveyance does not automatically establish ownership or tax liability under Income Tax Act. Section 26 and 27 require...

Quick Updates: