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Addition on Cash Deposits Deleted Where Source Explained — ITAT Allahabad in Kusum Singh v. ITO (ITA No. 156/2019) on Section 69A
Facts of the CaseThe assessee, an individual, was subjected to
scrutiny assessment during which the Assessing Officer noticed substantial cash
deposits in her bank account during the relevant financial year. The ...
Write-Back of Government Non-Plan Loan Taxable as Income — ITAT Allahabad in Bharat Pumps & Compressors Ltd. v. DCIT (Reassessment u/s 147, AY 2007-08)
Facts of the
CaseThe assessee, a Government of India Public Sector
Undertaking engaged in manufacturing pumps, compressors, and gas cylinders,
filed its return of income declaring nil income for Assessment Year 2007-0...
Unexplained Cash Deposits & Fake Property Advance Story Rejected — ITAT Allahabad Upholds Addition u/s 143(3): Mrs. Shaheen Khan (Legal Heir of Late Ahmad Hussain Khan) vs ITO (AY 2009-10)
Facts of the
CaseThe assessee filed a return
declaring income primarily from interest sources. The case was selected for
scrutiny based on AIR information showing substantial cash deposits exceeding
prescribed limits...
ACIT vs H. K. Infraventures Pvt. Ltd. — ITAT Allahabad Dismisses Revenue Appeal on Low Tax Effect as per CBDT Circular under Section 268A, Income-tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the Income Tax
Appellate Tribunal challenging the order of the Commissioner (Appeals) granting
relief to the assessee. However, at the time of hearing, it was noted t...
Sobat Singh vs ITO — ITAT Allahabad on Assessment under Section 143(3): Additions Based on Inadequate Evidence and Burden of Proof under Income-tax Act, 1961
Facts of the CaseThe assessee was subjected to scrutiny assessment
under Section 143(3) of the Income-tax Act for the relevant assessment year.
During the assessment proceedings, the Assessing Officer examined the fina...
LPR Construction vs ITO — ITAT Allahabad on Disallowance of Subcontractor Expenses & Cash Payments under Section 40A(3), 143(3) of Income-tax Act, 1961
Facts of the CaseThe assessee, a construction firm, claimed business
expenditure for payments made to contractors and subcontractors in connection
with project execution. During scrutiny assessment proceedings under Se...
B. M. Gupta vs ITO — ITAT Allahabad on Scope of Rectification under Section 154: Whether Debatable Issues Can Be Corrected as “Mistake Apparent from Record”
Facts of the CaseThe Assessing Officer passed a rectification order
under Section 154 of the Income-tax Act purportedly to correct an error in the
assessment. The rectification resulted in modification of the assessee...
Dileep Kumar Khaitan vs ITO — ITAT Allahabad on Scrutiny Assessment under Section 143(3): Additions Based on Unsubstantiated Transactions, Income-tax Act, 1961
Facts of the CaseThe assessee was subjected to scrutiny assessment
under Section 143(3) of the Income-tax Act for the relevant assessment year.
During the assessment proceedings, the Assessing Officer examined financia...
Bhagwan Theatre vs ITO — ITAT Allahabad on Scrutiny Assessment under Section 143(3): Additions on Business Receipts and Evidentiary Burden, Income-tax Act, 1961
Facts of the CaseThe assessee, engaged in the business of operating
a cinema theatre, was subjected to scrutiny assessment under Section 143(3) of
the Income-tax Act for the relevant assessment years. During assessment...
Patit Pawani Tara Tapo Sadhana Samiti vs CIT(E) — ITAT Allahabad Remands Rejection of Section 80G Approval for Fresh Examination under Rule 11AA, Income-tax Act, 1961
Facts of the CaseThe assessee-society applied for approval under
Section 80G of the Income-tax Act, 1961 to enable donors to claim deduction for
donations. The Commissioner of Income Tax (Exemption) rejected the applic...