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Unsecured Loans from Husband and Third Party Upheld as Unexplained u/s 69A – Depreciation Allowed on Assets Purchased in Spouse’s Name | ITAT Allahabad in Pooja Grover vs DCIT (ITA No.140/Alld/2024, A.Y. 2017-18)
Facts of the CaseThe
assessee filed her return of income on 28.09.2017 declaring total income of
Rs.20,06,120/-. The case was selected for scrutiny under CASS on account of:
Large increase
in unsecured loans,
...
Ex-Parte Order by CIT(A) Without Deciding on Merits Set Aside by ITAT Allahabad – Smt. Veena Singh vs ACIT (ITA No.85/Alld/2024, A.Y. 2007-08) | Section 250(6) Compliance Mandatory
Facts of the CaseThe
assessment proceedings under Sections 147 read with 144 of the Income Tax Act
were completed on 30.03.2015 determining the total income of the assessee at
Rs. 17,00,000/-.Aggrieved
by the assessm...
Rejection of Books u/s 145(3) Upheld but Net Profit Reduced to 3.5% for Electrical Contractor – ITAT Allahabad in M/s Deora Electric Works vs JCIT (ITA No.637/ALLD/2014, A.Y. 2010-11)
Facts of the CaseThe
assessee firm was engaged in electrical contract work primarily for Central
Government Departments such as MES, Railway and BSNL.For
the relevant assessment year, the assessee declared contractual...
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Appeal Dismissed as Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 – ITAT Allahabad in Shiv Ganga Vidya Mandir vs ITO (Exemption) (ITA No.76/Alld/2024, A.Y. 2010-11)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...