Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Smt. Usha Rani Gupta v. DCIT (ITAT Allahabad): Additions for Alleged Unexplained Income Require Proper Evidence — Relief Granted Where Findings Not Substantiated
Facts of the CaseThe assessee, Smt. Usha Rani Gupta, was subjected
to scrutiny assessment proceedings wherein the Assessing Officer made additions
to the declared income on account of alleged unexplained amounts and
d...
Sri Som Chand Gupta v. ITO (ITAT Allahabad): Validity of Additions and Assessment Findings Examined — Relief Where Additions Not Properly Supported by Evidence
Facts of the CaseThe assessee, Shri Som Chand Gupta, was subjected
to scrutiny assessment proceedings wherein the Assessing Officer made additions
to the returned income on the basis of alleged discrepancies and unexpl...
Shashi Vaish v. DCIT (ITAT Allahabad): Additions Based on Suspicion Without Proper Inquiry Unsustainable — Revenue Must Establish Case with Cogent Evidence
Facts of the CaseThe assessee, Shri Shashi Vaish, was subjected to
scrutiny assessment proceedings in which the Assessing Officer made additions
to the returned income based on alleged discrepancies and unexplained amo...
Rajesh Kumar Singh v. ITO (ITAT Allahabad): Estimation of Income After Rejection of Books u/s 145(3) — Past Net Profit History Must Guide NP Rate; Arbitrary Higher Rate Unsustainable (AY 2010-11)
Facts of the CaseThe assessee, Rajesh Kumar Singh, engaged in
transportation business and trading of bricks and sand, filed return for AY
2010-11 declaring income of ₹4,23,316. The Assessing Officer completed scrutin...
SHRI SHESH KUMAR DUBEY,PRATAPGARH VS. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, SULTANPUR
Facts of the
CaseThe assessee filed an appeal before the Income Tax
Appellate Tribunal against the order of the Commissioner of Income Tax
(Appeals). However, the appeal was filed with a delay beyond the prescribed
l...
Appeal Dismissed as Withdrawn After Opting for Direct Tax Vivad se Vishwas Scheme, 2020 — ITAT Allahabad in Sunil Kumar Tripathi v. ITO (AY 2009-10)
Facts of the
CaseThe assessee filed an appeal before the Income Tax
Appellate Tribunal, Allahabad Bench, challenging the order of the Commissioner
of Income Tax (Appeals) for Assessment Year 2009-10. During the penden...
Rajendra Singh vs. Income Tax Officer, Ward-III(3), Mirzapur — ITAT Allahabad on Section 50C, Fair Market Value as on 01.04.1981, and Capital Gains in Case of Co-owners
Facts of the
CaseThe assessees, being co-owners,
sold immovable property for a consideration substantially lower than the stamp
duty valuation adopted by the authorities. The Assessing Officer invoked
Section 50C of ...
Mahendra Singh Rathore vs. Income Tax Officer, Ward-III(2), Mirzapur — ITAT Allahabad on Applicability of Section 50C to Sale of Land Alleged as Tenancy (Bhumidari) Rights
Facts of the
CaseThe assessees, being co-owners,
sold immovable property for a consideration significantly lower than the stamp
duty valuation adopted by the authorities. The Assessing Officer invoked
Section 50C of ...
ASHOK KUMAR SINGH,MIRZAPUR VS. JOINT DIRECTOR OF INCOME TAX (I & CI), LUCKNOW
Facts of the CaseThe assessee filed an appeal before the
Commissioner of Income Tax (Appeals) [CIT(A)] against the assessment order
beyond the prescribed limitation period. The delay extended substantially
beyond the ...
Addition under Section 69A Based Solely on Suspicion Deleted — ITAT Allahabad in Laxmi Rathaur v. ITO (ITA No. 12/ALLD/2021) Clarifies Burden of Proof in Unexplained Money Cases
Facts of the
CaseThe assessee, an individual, was subjected to
scrutiny assessment wherein the Assessing Officer noticed cash deposits in the
bank account during the relevant financial year. The Assessing Officer trea...