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ITAT Allahabad Restores Registration Plea of Prayag Education Trust: School Activities Must Be Considered for Approval under Sections 12AB and 80G
Facts of the CaseThe appeals arose from two orders dated 28.06.2024 passed by
the Commissioner of Income Tax (Exemption), Lucknow, rejecting the Trust’s
applications for registration under Section 12AB and approval u...
ITAT Allahabad Remands Cash Deposit Addition and Deletes Penalty: Chandra Bali Singh vs. ITO — Ex Parte Assessment Set Aside for Fresh Hearing
Facts of the CaseThe Tribunal adjudicated two interconnected appeals filed by
the assessee for Assessment Year 2009-10 — one relating to the quantum addition
and the other concerning penalty under Section 271(1)(c).T...
ITAT Allahabad Remands Case of Asha Agarwal vs. ITO: Additions under Section 69A Set Aside Due to CIT(A)’s Reliance on Wrong Assessment Year
Facts of the CaseThe appeal arose from an order passed under Section 250 of
the Income Tax Act, 1961 dated 01.07.2024 for Assessment Year 2017-18.The Assessing Officer had completed the assessment under
Section 144 (be...
ITAT Allahabad Grants Fresh Opportunity in Reassessment Case: Nitrangan Singh Gwal vs. ITO — Cash Deposit Addition Remanded Due to Alleged Bank Fraud
Facts of the CaseThe appeal arose from an order passed under Section 250 of
the Income Tax Act, 1961 by the Commissioner of Income Tax (Appeals), NFAC,
dated 16.11.2023 for Assessment Year 2011-12.Reassessment proceedi...
Condonation of Delay Should Be the Norm: ITAT Allahabad Remands Case of Ariana Charitable Trust vs. ITO (Exemption) — Entire Receipts Cannot Be Taxed Without Allowing Expenditure
Facts of the CaseThe appellant, Ariana Charitable Trust, is a trust engaged
in running a school up to Class VIII. During the relevant assessment year, the
trust reported total receipts of ₹41,68,597 and claimed expen...
Pawan Kumar Kasaudhan (L/H Poonam Gupta) vs ITO, Sultanpur – ITAT Allahabad Sets Aside Ex-Parte Reassessment under Section 148 for Violation of Section 250(6)
Facts of the CaseThe
assessee filed his return of income on 07.11.2017 declaring total income of
₹5,09,040/-.The
Assessing Officer observed a difference of ₹3,25,75,640/- between credits in
Axis Bank accounts and...
Allahabad Development Authority vs ACIT (Exemption) – ITAT Allahabad on Section 11 Exemption, Proviso to Section 2(15) & Taxability of Government Grants (AY 2014-15 to 2016-17)
Facts of the CaseThe
assessee, Allahabad Development Authority (ADA), a statutory body constituted
under the Uttar Pradesh Urban Planning & Development Act, 1973, filed
returns declaring Nil income after claiming ...
Ex-Parte Assessment & 8% Profit Addition Set Aside – ITAT Allahabad Remands Case for Fresh Decision under Section 250(6) in Vishvanath vs ITO (ITA No.159/Alld/2024, A.Y. 2017-18)
Facts of the CaseThe
assessee is an individual engaged in fisheries business on commission basis.For
the assessment year under consideration, the case was selected for scrutiny
with respect to cash deposits amounting ...
Multiple Appeals Dismissed as Infructuous After Opting for Vivad Se Vishwas Scheme, 2024 – ITAT Allahabad in Ashwani Singh vs ITO, NFAC (ITA Nos.93, 94 & 97/Alld/2024, A.Ys. 2014-15 to 2016-17)
Facts of the CaseThe
assessee filed three appeals before the Income Tax Appellate Tribunal against
the impugned appellate orders dated 03.04.2024 passed by the learned
Commissioner of Income Tax (Appeals) for Assessme...
Penalty u/s 270A Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 – ITAT Allahabad Dismisses Appeal as Withdrawn in Priti Mishra vs ACIT (ITA No.90/Alld/2024, A.Y. 2017-18)
Facts of the CaseThe
present appeal was filed by the assessee against the order of the learned
Commissioner of Income Tax (Appeals), NFAC, passed under Section 250 of the
Income Tax Act on 29.03.2024, whereby the appe...