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Ex-Parte NFAC Order Set Aside for Non-Compliance — ITAT Allahabad Grants Fresh Opportunity to Co-operative Society in Malwan Kisan Sewa Sahkari Samiti Ltd. vs. ITO, Fatehpur (AY 2017-18)
Facts of the CaseThe assessee, a co-operative society registered under the
Uttar Pradesh Cooperative Societies Act, 1965, filed its return of income for
Assessment Year 2017-18 declaring NIL income.The Assessing Office...
Ex-Parte NFAC Dismissal for Non-Compliance Set Aside — ITAT Allahabad Restores Reassessment Case on Cash Deposits in Prabhu Naraian Tiwari vs. ITO, Mirzapur (AY 2011-12)
Facts of the CaseBased on specific information that the assessee had deposited
₹35,75,735 in his savings bank account with ICICI Bank Ltd., proceedings under
Section 147 of the Income Tax Act, 1961 were initiated.Sta...
Penalty under Section 270A Cannot Be Levied on Estimated Income Without Misreporting — ITAT Allahabad Deletes Penalty in Ajit Tripathi vs. NFAC (AY 2017-18)
Facts of the CaseThe assessee had commenced a dairy business under the
“Kamdhenu Yojna” of the Uttar Pradesh Government by obtaining a bank loan of
₹91,00,000. This was the first year of business. The assessee de...
NFAC Ex-Parte Dismissal for Non-Compliance Set Aside — ITAT Allahabad Restores Appeal in Rakesh Kumar Singh vs. DCIT/ACIT-3, Mirzapur (AY 2016-17)
Facts of the CaseThe assessee filed his return of income declaring taxable
income of ₹10,19,230 for Assessment Year 2016-17. The case was selected for
scrutiny through CASS, and the assessment was completed at a tota...
Ex-Parte NFAC Dismissal for Non-Prosecution Set Aside — ITAT Allahabad Restores Section 69 Addition Case in Ram Bodh Singh vs. ITO, Pratapgarh (AY 2012-13)
Facts of the CaseThe assessee, an individual engaged in the business of a brick
kiln under the name M/s R.B.S. Ent. Udyog, did not file a return of income for
Assessment Year 2012-13.During assessment proceedings, the ...
NFAC Ex-Parte Dismissal Set Aside — ITAT Allahabad Restores Reassessment Appeal in Shesh Nath Singh vs. DCIT, Allahabad (AY 2010-11)
Facts of the CaseThe assessee, an individual engaged in civil contract work and
earning interest income from banks, was subjected to reassessment proceedings
for Assessment Year 2010-11.Statutory notices under Section ...
Past Savings Deposited During Demonetization — ITAT Allahabad Restores Section 69A Addition Case for Fresh Examination in Manjushree Dubey vs. ITO-1(3), Allahabad (AY 2017-18)
Facts of the CaseThe assessee filed her return of income declaring total income
of ₹3,54,250. The case was selected for scrutiny on the issue of “cash deposits
during the year.”The assessee was a commission agent...
Belated Audit Report Filed Before Assessment Must Be Considered — ITAT Allahabad Sets Aside Best-Judgment Assessment in Pradeep Kumar Kesharwani vs. ITO, Ward-2(2), Prayagraj (AY 2017-18)
Facts of the CaseThe assessee had not filed his return of income for Assessment
Year 2017-18 within the prescribed time. During verification under “Operation
Clean Money,” the department identified substantial cash...
Agricultural Income Claim Cannot Be Rejected Without Proper Verification — ITAT Allahabad Restores Section 69A Addition Case in Ram Krishna Shukla vs. Addl. JCIT(A), Patna (AY 2017-18)
Facts of the CaseThe assessee, a retired government primary school teacher
residing in a rural area, had not filed a return of income for Assessment Year
2017-18. The Assessing Officer issued notice under Section 142(1...
Belated Audit Report Filed Before Assessment Must Be Considered — ITAT Allahabad Sets Aside Best-Judgment Assessment in Pradeep Kumar Kesharwani vs. ITO, Ward-2(2), Prayagraj (AY 2017-18)
Facts of the CaseThe assessee had not filed his return of income for Assessment
Year 2017-18 within the prescribed time. During verification under “Operation
Clean Money,” the department identified substantial cash...