Ramji Vaish Group vs. Dy. Commissioner of Income Tax, Central Circle, Allahabad

Parties Involved

Facts Summary

The facts of the case are that a search and seizure operation under section 132(1) of the Income Tax Act, 1961 was conducted in respect of all these assessees on 3.02.2011. Thereafter, assessment proceedings were taken up under section 153A r.w.s. 143(3) for the period starting from assessment year 2005-06 to assessment year 2011-12. After obtaining approval from the ld. JCIT under section 153D on 26.03.2013, all these assessment orders were passed in the closing days of the financial year 2012-13. The assessees filed appeals against all these assessment orders before the ld. CIT(A)-3, Kanpur, who, after considering the issues on the basis of the grounds raised before her, passed her orders in all these appeals and aggrieved by such orders passed by the ld. CIT(A)-3, Lucknow, these assessees have come in appeals before the Tribunal. The Department has also come in appeals in two cases (in the matter of Vijay Stone Products) against which the assessee has filed cross objections.…

Legal Issues

• 1. Validity of the approval given by the Joint Commissioner of Income Tax under section 153D of the Income Tax Act.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Precedents Relied Upon

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