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Opening Capital Cannot Be Taxed u/s 68/69A Without Evidence – ITAT Allahabad Deletes ₹55.51 Lakh Addition in Dhirendra Singh vs ITO (ITA No.133/ALLD/2024, A.Y. 2015-16) | Validity of 143(2) Notice Examined
Facts of the CaseThe
assessee filed his return of income on 09.01.2016 declaring total income of
Rs.2,03,640/- and revised the return on 10.01.2016 declaring income of
Rs.3,88,530/-.The
case was selected for limited ...
Employees’ PF/ESI Paid 1–2 Days Late Disallowed u/s 36(1)(va) – COVID Limitation Order Not Applicable | ITAT Allahabad Follows Checkmate Services in SBW Udyog Ltd vs DCIT (ITA No.27/Alld/2024, A.Y. 2021-22)
Facts of the CaseThe
assessee company, engaged in manufacturing of bidis and also carrying on
business of hotels, marketing and lubricants, filed its return of income on
22.01.2022 declaring income of Rs.7,16,79,080/-...
Appeal Dismissed as Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 – ITAT Allahabad in Shiv Ganga Vidya Mandir vs ITO (Exemption) (ITA No.76/Alld/2024, A.Y. 2010-11)
Facts of the CaseThe
present appeal was filed by the assessee against the impugned appellate order
dated 08.03.2024 passed by the learned Commissioner of Income Tax (Appeals).During
the course of hearing before the Tr...
Ex-Parte Assessment u/s 144 and Additions u/s 68 & 69 Set Aside for Fresh Adjudication – ITAT Allahabad in Saurabh Rastogi vs DCIT (ITA No.194/Alld/2024, A.Y. 2019-20)
Facts of the CaseThe
assessee is an individual engaged in the business of trading in gold and silver
jewellery under the name and style “Bhagwati Jewells”.The
return of income was filed on 30.10.2019 declaring tot...
Best Judgment Assessment u/s 144 for Demoneti¬zation Cash Deposits Remanded – ITAT Allahabad Restores Matter in New Jai Durga Enterprises vs ITO (ITA No.40/Alld/2024, A.Y. 2017-18)
Facts of the CaseThe
assessee firm is engaged in the business of medicine and surgical items. The
return of income was filed on 20.09.2017 declaring total income of Rs.38,750/-.The
case was selected for scrutiny under...
Penalty u/s 272A(1)(d) for Non-Compliance of 142(1) Notices Remanded – ITAT Allahabad Sets Aside Non-Speaking Order in Nav Nirman vs DCIT (ITA No.188/Alld/2024, A.Y. 2018-19) | Section 250(6) Compliance Reiterated
Facts of the CaseThe
assessee is a partnership firm engaged in the business of trading in plywood,
adhesive, locks, kitchen appliances, hardware and cement.A
survey under Section 133A of the Income Tax Act was conduct...
Unexplained Investment u/s 69 in Car Purchase Remanded for Fresh Adjudication – ITAT Allahabad Sets Aside Ex-Parte Order in Manoj Kumar Soni vs ITO (ITA No.187/Alld/2024, A.Y. 2016-17)
Facts of the CaseThe
assessee is an individual who filed his return of income declaring total income
of Rs.2,80,120/-. The assessee disclosed Short-Term Capital Gain (STCG) of
Rs.2,80,000/-.During
assessment proceedi...
Ex-Parte Reassessment u/s 147/144B and Addition u/s 69A Set Aside for Lack of Opportunity – ITAT Allahabad Remands Case in Yogesh Chandra Nishad vs Assessment Unit (ITA No.183/Alld/2024, A.Y. 2018-19)
Facts of the CaseThe
assessee is an individual who did not file return of income for the assessment
year under consideration.The
Assessing Officer noticed that the assessee had undertaken various financial
transactio...
Ex-Parte Dismissal of TDS Appeal under Sections 201(1) & 201(1A) Set Aside for Non-Speaking Order – ITAT Allahabad Restores Matter to CIT(A)
Facts of the CaseThe
assessee, UP Education Service Selection Commission, a statutory body
constituted under an Act of the Uttar Pradesh Legislative Assembly for
selection of Principals, Lecturers, and LT Grade Teache...
Ex-Parte Reassessment and Non-Speaking Appellate Orders Set Aside for Violation of Section 250(6) – ITAT Allahabad Restores Matter for De Novo Assessment
Facts of the CaseThe
assessee filed three appeals for Assessment Year 2015-16 against separate
appellate orders passed by the Commissioner of Income Tax (Appeals). The
original assessment was completed by the Assessin...