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ACIT, Central Circle, Varanasi vs. M/s G.N. Exports, Varanasi — ITAT Dismisses Revenue Appeal on Low Tax Effect under Section 268A read with CBDT Monetary Limit Circular
Facts of the CaseThe Assistant Commissioner of Income Tax, Central
Circle, Varanasi, filed an appeal before the Income Tax Appellate Tribunal
against the order passed in favour of the assessee, M/s G.N. Exports, Varana...
ACIT, Central Circle, Varanasi vs. Shri Vinod Kumar Jalan, Gorakhpur — ITAT Varanasi Dismisses Revenue Appeal Due to Low Tax Effect under Section 268A (CBDT Monetary Limit Circular)
Facts of the CaseThe Revenue, through the Assistant Commissioner of Income Tax,
Central Circle, Varanasi, filed an appeal before the Income Tax Appellate
Tribunal, Varanasi Bench against the order passed in favour of t...
Shri Kamalendra Bhadur Mishra, Sonebhadra vs DCIT, Range-III, Mirzapur (ITAT Allahabad): Addition for Unexplained Income/Investment under Sections 69/69A — Burden of Proof & Evidentiary Requirements
Facts of the CaseThe assessee, Shri Kamalendra Bhadur Mishra of
Sonebhadra, was subjected to assessment proceedings wherein certain investments
or monetary amounts were treated by the Assessing Officer as unexplained. ...
Manoj Kumar Gupta, Singrauli (M.P.) vs Income Tax Officer, Mirzapur (ITAT Allahabad): Addition for Unexplained Cash Credit/Income under Section 68 — Burden of Proof on Assessee
Facts of the CaseThe assessee, Shri Manoj Kumar Gupta of Singrauli
(M.P.), was subjected to assessment proceedings by the Income Tax Officer,
Mirzapur. During the course of assessment, certain amounts credited in the
...
Harakh Chand Glass Pvt. Ltd., Allahabad vs DCIT, Circle-2, Allahabad (ITAT Allahabad): Stay of Tax Demand — Prima Facie Case, Financial Hardship & Balance of Convenience
Facts of the CaseHarakh Chand Glass Pvt. Ltd., Allahabad, filed an
appeal before the Income Tax Appellate Tribunal challenging additions made by
the Assessing Officer which resulted in a substantial tax demand. Pending...
ACIT, Allahabad vs M/s Allahabad High School Society (ITAT Allahabad): Exemption to Educational Institution — Applicability of Sections 11, 12 & Charitable Purpose under Section 2(15)
Facts of the CaseM/s Allahabad High School Society, Allahabad, an
educational institution engaged in running schools, claimed exemption of its
income on the ground that it was a charitable organization devoted to
educ...
Sudama Devi (L/H of Late Lal Chand Yadav), Sonebhadra vs CIT(A), Allahabad (ITAT Allahabad): Dismissal of Appeal & Addition for Unexplained Income — Principles of Natural Justice and Appellate Powers
Facts of the CaseThe assessee, Smt. Sudama Devi, legal heir of Late
Lal Chand Yadav of Sonebhadra, filed an appeal before the Commissioner of
Income Tax (Appeals), Allahabad against assessment proceedings wherein
addi...
Shiv Shanti Trust, Allahabad vs CIT (Exemption), Lucknow (ITAT Allahabad): Refusal/Grant of Registration under Sections 12A/12AA — Charitable Objects & Genuineness of Activities
Facts of the CaseShiv Shanti Trust, Allahabad, applied for
registration as a charitable trust to avail tax exemption benefits under the
Income-tax Act, 1961. The Commissioner of Income Tax (Exemption), Lucknow
examine...
Shakuntala Kushwaha, Allahabad vs ITO Ward 2(3), Allahabad (ITAT Allahabad): Addition for Unexplained Cash/Investment under Sections 69/69A — Evidentiary Burden on Assessee
Facts of the CaseThe assessee, Smt. Shakuntala Kushwaha of
Allahabad, was subjected to assessment proceedings by the Income Tax Officer,
Ward 2(3), Allahabad. During the course of assessment, certain assets,
investmen...
Jagdish Matanhelia Memorial Trust, Pratapgarh vs CIT (Exemption), Lucknow (ITAT Allahabad): Registration of Charitable Trust under Section 12AA — Scope of Inquiry into Objects & Genuineness of Activities
Jagdish Matanhelia Memorial Trust, Pratapgarh,
applied for registration as a charitable trust to avail tax exemption benefits
under the Income-tax Act, 1961. The Commissioner of Income Tax (Exemption),
Lucknow examine...