Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Uma Shankar Ailani vs. ACIT/CIT(A) — ITAT Allahabad on Search Assessments under Sections 153A & 69: Addition for Bank Deposits Without Incriminating Material
Facts of the CaseThe assessee, Shri Uma Shankar Ailani, an
individual deriving income from house property, salary, interest, and
partnership sources, was subjected to a search and seizure operation under
Section 132 o...
Anoop (Assessee) vs. ITO — ITAT Sets Aside Ex-Parte Order and Restores Matter for Fresh Adjudication Holding That Adverse Decision Without Proper Opportunity Violates Principles of Natural Justice
Facts of the CaseThe assessee, Anoop, had filed an appeal against the
assessment order before the Commissioner (Appeals). The appellate authority
disposed of the appeal ex-parte due to non-appearance or alleged non-com...
Addition in Hands of Partners Based on Firm’s Transactions — ITAT Allahabad in Shashi Bala Singh vs ITO, Pratapgarh (AY 2007-08) — Assessment under Section 143(3)
Facts of the CaseThe appeals were filed by several assessees,
including Smt. Shashi Bala Singh of Pratapgarh, who were partners in a
partnership firm engaged in the business of cold storage. The Assessing Officer
comp...
Taxability of Alleged Unexplained Investments in Hands of Individual Partners — ITAT Allahabad in Shashi Bala Singh & Others vs ITO, Pratapgarh (AY 2007-08) — Assessment under Section 143(3)
Facts of the CaseThe present group of appeals was filed by several
assessees, including Smt. Shashi Bala Singh of Pratapgarh, who were associated
with a partnership firm engaged in the cold storage business. The Assess...
Reopening u/s 147/148 Set Aside for Non-Supply of Reasons — ITAT Allahabad Remands Matter on Capital Introduction by Partners | Prabhanjan Singh vs ITO
Facts of the CaseThe assessees, including Shri Prabhanjan Singh,
were individual partners in a partnership firm. They had not filed returns of
income under Section 139(1), as their income was allegedly below the taxabl...
Ex-Parte Assessment u/s 144 Set Aside — ITAT Allahabad Remands Case of Civil Contractor for Fresh Opportunity & Verification of Receipts | M/s Prakash Construction vs ITO
Facts of the CaseThe assessee, M/s Prakash Construction, a civil
contractor, was subjected to assessment proceedings. Due to non-compliance with
statutory notices, the Assessing Officer (AO) completed the assessm...
Addition for Alleged Undisclosed Income of ₹3,00,000 in Hands of Individual Assessee — ITAT Allahabad in Krishna Singh vs ITO, Pratapgarh (AY 2007-08) — Assessment under Section 143(3)
Facts of the CaseThe appeal was filed by Shri Krishna Singh of
Pratapgarh against the order of the Commissioner of Income-tax (Appeals) for
the Assessment Year 2007-08. The Assessing Officer had completed the assessmen...
Krishi Utpadan Mandi Samiti, Allahabad vs DCIT-CPC, Bangalore (ITAT Allahabad) — Denial of Exemption to Registered Charitable Institution without Proper Opportunity Violates Natural Justice | Sections 11, 12, 12A, 13 & 143(1) of Income-tax Act
Facts of the CaseThe assessee, Krishi Utpadan Mandi Samiti,
Allahabad, is a statutory body constituted under the relevant State legislation
for regulation of agricultural markets. It filed its return claiming exemption...
Reopening u/s 147/148 Set Aside for Non-Furnishing of Reasons — ITAT Allahabad Remands Case of Capital Introduced by Partner | Archana Singh vs ITO Pratapgarh
Facts of the CaseThe assessee, Smt. Archana Singh, was an individual
and a partner in a partnership firm at Pratapgarh. She had not filed a return
of income under Section 139(1), as her income was stated to be below th...
ACIT Circle, Sultanpur vs Arvind Kumar Singh, Amethi (ITAT Allahabad) — Addition on Cash Deposits / Unexplained Income Set Aside for Fresh Verification due to Lack of Proper Opportunity | Sections 68, 69A & 144 of Income-tax Act
Facts of the CaseThe assessee, an individual from Amethi, was
subjected to assessment proceedings in which certain cash deposits/financial
transactions were treated as unexplained income. The Assessing Officer
complet...