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Interest on Bank Deposits & Forfeiture of Contractor EMD During Pre-Operative Period — Capital Receipt vs Income from Other Sources | ITAT Allahabad in Meja Urja Nigam Pvt. Ltd. v. ITO (AY 2013-14 & 2014-15) — Sections 56 & 143(3)
Facts of the CaseThe assessee, a company engaged in setting up a thermal power
project, had not commenced commercial production during the relevant assessment
years (AY 2013-14 and AY 2014-15). During the construction ...
Appeal Dismissed as Withdrawn on Availing Vivad Se Vishwas Scheme, 2020 — Mrs. Vijma Yadav vs ITO (ITAT Allahabad) — Section 144, Income-tax Act, 1961
Facts of the CaseThe assessee, Mrs. Vijma Yadav, filed an appeal
before the Income Tax Appellate Tribunal (ITAT), Allahabad Bench, against the
order of the Commissioner of Income Tax (Appeals) dated 13.02.2015 for
Ass...
Prior Period & Project-Related Expenses — Allowability When Business is Set Up | Meja Urja Nigam (P.) Ltd. v. DCIT, ITAT Allahabad — Sections 37(1), 28
Facts of the CaseThe assessee company, engaged in the development of
a large infrastructure/power project, claimed deduction of various expenditures
incurred during the relevant assessment years. These expenses include...
Sales Promotion Expenses Disallowed for Lack of Evidence — Onus on Assessee to Prove Business Nexus | Bhola Food Products (P.) Ltd. v. JCIT (OSD), ITAT Allahabad — Section 37(1)
Facts of the CaseThe assessee company claimed deduction of
substantial expenditure incurred under the head of sales promotion and related
activities at various locations as business expenditure under Section 37(1) of
...
Ex-Parte Assessment & Appeal Dismissal Without Hearing Set Aside — ITAT Allahabad Restores Matter for Opportunity of Being Heard | Malay Prasad v. ACIT (ITA No. 32/ALLD/2020) — Sections 143(3), 68, 115BBE
Facts of the CaseThe assessee filed an appeal before the Income Tax
Appellate Tribunal against the order of the Commissioner of Income Tax
(Appeals), which arose from the assessment framed under Section 143(3) of the
...
Jai Bajrang Enterprises v. Income Tax Officer — ITAT Agra on Business Income Additions and Evidentiary Requirements in Scrutiny Assessment
Facts of the CaseJai Bajrang Enterprises, engaged in business
activities, was subjected to scrutiny assessment by the Assessing Officer.
During assessment proceedings, the Assessing Officer examined the books of
accou...
Ajay Kumar Singh v. Income Tax Officer — ITAT Agra on Additions for Unexplained Income and Burden of Proof in Individual Scrutiny Assessment
Facts of the CaseThe assessee, Ajay Kumar Singh, was subjected to
scrutiny assessment by the Assessing Officer for the relevant assessment year.
During the assessment proceedings, certain deposits, receipts, or financi...
Ajay Singh v. Income Tax Officer, Allahabad — ITAT Allahabad Upholds Additions for Unexplained Income Due to Failure to Substantiate Source
Facts of the CaseThe assessee, Ajay Singh of Allahabad, was
subjected to scrutiny assessment by the Assessing Officer for the relevant
assessment year. During the assessment proceedings, certain amounts reflected
in t...
Ravindra Kumar Kesarwani v. Income Tax Officer — ITAT Agra on Validity of Additions for Unexplained Income and Evidentiary Burden in Individual Assessment
Facts of the CaseThe assessee, Ravindra Kumar Kesarwani, was
subjected to scrutiny assessment by the Assessing Officer. During assessment
proceedings, certain deposits, financial transactions, or amounts reflected in
...
Jagan Nath Madan Lal v. Income-Tax Officer — ITAT Allahabad on Withdrawal of Appeal After Settlement Under Vivad Se Vishwas Scheme 2020 (VSVS)
Facts of the CaseThe assessee, M/s Jagan Nath Madan Lal,
filed an appeal before the Income-Tax Appellate Tribunal, Allahabad Bench,
being ITA No. 176/ALLD/2017, for the Assessment Year 2001-02
against the penalty orde...