TaxTMI 
TaxTMI 
2019 (12) TMI 1603
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.... BILLAIYA, ACCOUNTANT MEMBER, This appeal by the assessee is preferred against the order of the Commissioner of Income Tax [Appeals] - 3, Gurgaon dated 27.01.2015 pertaining to assessment year 2006-07. 2. Vide Ground No. 1, the assessee has challenged the validity of the order framed u/s 153A of the Income tax Act, 1961 [hereinafter referred to as 'The Act' for short] dated 25.03.2013 cl....
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....are premium from non-existent companies and concerns. Taking a leaf out of the search proceedings conducted at the residence and office of Shri Surendra Kumar Jain and Shri Virendra Jain, the Assessing Officer was of the opinion that the Jain brothers were engaged in the business of providing accommodation entries and the assessee is one of the beneficiaries of such accommodation entries. The Asse....
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....d. DR strongly supported the findings of the Assessing Officer and placed reliance on the decision of the Hon'ble Kerala High Court in the case of E.N. Gopakumar 390 ITR 131 and decision of the Hon'ble High Court of Delhi in the case of Anil Kumar Bhatia 552 ITR 493. 9. We have given thoughtful consideration to the orders of the authorities below and have carefully perused the decisions r....
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....the Act was issued and served upon the assessee and by necessary implication, return of income was accepted. The ratio laid down by the Hon'ble Delhi High Court in the case of Kabul Chawla squarely applies on the facts of the case in hand wherein the Hon'ble High Court has held that completed assessment can be interfered with by the Assessing Officer while making assessment u/s 153A of the....