Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Addition under Section 69A for Cash Deposits Deleted — ITAT Allahabad in Ajay Kumar Gupta v. ITO Holds Suspicion Cannot Substitute Evidence
Facts of the
CaseThe assessee, an individual, was subjected to
assessment proceedings during which the Assessing Officer noticed substantial
cash deposits in the assessee’s bank account for the relevant assessment y...
Reassessment Held Invalid Due to Lack of Jurisdiction — ITAT Allahabad in Gaya Prasad Bajaj v. ITO (ITA No. 375/2018) on Sections 147 & 148
Facts of the
CaseThe assessee was subjected to reassessment
proceedings initiated under Sections 147 and 148 of the Income-tax Act, 1961 on
the ground that income had allegedly escaped assessment. A notice under Secti...
Ex-Parte Assessment and Section 68 Additions Set Aside for Denial of Proper Opportunity — ITAT Allahabad in Amit Kumar v. ITO (ITA No. 122/2019)
Facts of the CaseThe assessee was subjected to assessment
proceedings that resulted in an ex-parte order due to alleged failure to comply
with statutory notices issued by the Assessing Officer. The assessment was
comp...
Revision u/s 263 Against Charitable Trust Set Aside for Lack of Proper Opportunity — ITAT Allahabad in Mahaveer Charitable Trust v. CIT (Exemption) on Sections 11, 12AA & 263
Facts of the
CaseThe assessee, a registered charitable trust, filed
its return of income declaring nil income after claiming exemption under
Sections 11 and 12 of the Income-tax Act, 1961. The assessment was completed...
Section 263 Revision Set Aside for Lack of Adequate Opportunity — ITAT Allahabad in Anil Kumar Singh v. PCIT (AY 2010-11) | Order Passed Within 5 Days of SCN Held Invali
Facts of the
CaseThe assessee’s reassessment for Assessment Year
2010-11 was completed by the Assessing Officer under Sections 147 read with
143(3), wherein certain receipts were treated as business turnover and pro...
Ad-hoc Disallowance of Expenses and 50% Addition of Sundry Creditors Set Aside — ITAT Allahabad in Kasim Hussain v. DCIT (AY 2014-15) | Matter Remanded for Proper Verification under Sections 142(1) & 143(3)
Facts of the CaseThe assessee, a civil contractor operating through
proprietary concerns M/s M J A Enterprises and M/s Janta Constructions, filed
the return of income declaring total income of ₹10,34,580 for As...
M/s Rithwik RK Joint Venture v. Pr. CIT (ITAT Allahabad, ITA No. 107/ALLD/2016): Scope of Revision under Section 263 in Joint Venture Contracts — Taxability and Adequacy of Inquiry
Facts of the CaseThe assessee, M/s Rithwik RK Joint Venture, was constituted by
two corporate partners to execute infrastructure contract work on a
back-to-back basis through sub-contract arrangements. The Joint Ventur...
Smt. Amita Rajvedi v. DCIT (ITAT Allahabad, ITA Nos. 64–67/ALLD/2020): Penalty under Section 271(1)(b) Deleted for Reasonable Cause — Non-Compliance Due to Illness of Authorized Representative
Facts of the CaseThe assessee, Smt. Amita Rajvedi, was subjected to assessment
proceedings during which statutory notices were issued requiring compliance.
Due to non-appearance and failure to comply with certain notic...
Kanodia Investments Pvt. Ltd. v. DCIT (ITAT Allahabad): Inordinate Delay of 1473 Days Not Condoned — Appeal Dismissed for Lack of Sufficient Cause under Section 249
Facts of the CaseThe assessee, Kanodia Investments Private Limited, filed its
return of income which was processed under Section 143(1) of the Income-tax
Act. Subsequently, the assessee sought to challenge the intimati...
ITO v. Tilak Proficient Nidhi Ltd. (ITAT Allahabad): Acceptance of Additional Evidence Without Rule 46A Compliance Invalid — Matter Restored for Fresh Adjudication
Facts of the CaseThe assessee, Tilak Proficient Nidhi Limited, filed its return
of income which was selected for scrutiny assessment. During assessment
proceedings, the Assessing Officer issued statutory notices seekin...