Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Knowledge Portal
Click here to explore deep insights, FAQs, and comprehensive tax guides.
Explore Now
Exemption under Section 11 Not Available Without Valid Registration under Section 12AA: ITAT Allahabad Dismisses Appeal in Saint Mary’s Educational Society vs ITO (Exemptions) (AY 2018-19)
Facts of the CaseThe assessee trust was registered
under section 12A of the Income-tax Act, 1961 on 28.10.1999. For Assessment
Year 2018-19, the assessee filed its return of income on 21.09.2018 declaring
nil income a...
Mechanical Approval under Section 153D and Additions Based on Dumb Documents Held Invalid: ITAT Allahabad Decides Ramji Vaish vs DCIT, Central Circle (Search Assessments AYs 2005-06 to 2011-12)
Facts of the CaseA search and seizure operation under
section 132(1) of the Income-tax Act, 1961 was conducted on 03.02.2011 in the
Ramji Vaish Group, including the assessee, Shri Ramji Vaish, Allahabad.
Pursuant to t...
Ex-Parte Assessment and Appellate Order Set Aside for Lack of Reasonable Opportunity: ITAT Allahabad Restores Matter in Ram Pravesh Singh vs ACIT, Circle-3, Mirzapur (AY 2015-16)
Facts of the CaseThe assessee filed his return of
income for Assessment Year 2015-16 on 15.12.2015 declaring total income of
₹24,00,090. The Assessing Officer completed the assessment under sections
143(3) / 144 of ...
Search Assessments Vitiated by Mechanical Approval under Section 153D and Estimation Without Incriminating Material: ITAT Allahabad in Subhash Stone Product (P.) Ltd. vs ACIT, Central Circle (AYs 2005-06 to 2011-12)
Facts of the CaseA search and seizure operation under
section 132(1) of the Income-tax Act, 1961 was conducted on 03.02.2011 in the
Ramji Vaish Group, which included M/s Subhash Stone Product (P.) Ltd.,
Sonebhadra. Pu...
Mechanical Approval under Section 153D and Additions Based on Dumb Documents Set Aside: ITAT Allahabad in Jai Maa Sharda Service Station vs ACIT, Central Circle (Search Assessments AYs 2010-11 & 2011-12)
Facts of the CaseA search and seizure operation under
section 132(1) of the Income-tax Act, 1961 was conducted on 03.02.2011 in the
Ramji Vaish Group, which included M/s Jai Maa Sharda Service Station,
Sonebhadra. Pur...
Mechanical Approval under Section 153D and Additions Based on Dumb Documents Invalid: ITAT Allahabad Decides Group Search Cases in ACIT vs Vijay Stone Product, Sonebhadra (AYs 2005-06 to 2011-12)
Facts of the CaseA search and seizure operation under
section 132(1) of the Income-tax Act, 1961 was conducted on 03.02.2011 in the
Ramji Vaish Group, which included Vijay Stone Product, M/s Subhash Stone
Product (P) ...
Cash Deposits Treated as Unexplained under Section 69A Upheld: ITAT Allahabad Dismisses Appeal in Sangam Eanta Udyog vs NFAC, Delhi (AY 2015-16)
Facts of the CaseThe assessee, a partnership firm
engaged in brick kiln business, did not file its return of income for
Assessment Year 2015-16. Reassessment proceedings were initiated under section
147 of the Income-...
Addition under Section 50C/43CA Without Valuation Cell Reference Set Aside: ITAT Allahabad Restores Assessment and Penalty in H.K. Infraventure Pvt. Ltd. vs ACIT, Central Circle (AY 2015-16)
Facts of the CaseThe assessee company sold two flats
during Assessment Year 2015-16 at values lower than the circle rate. The
Assessing Officer completed the assessment under section 143(3) of the
Income-tax Act, 1961...
Addition under Section 50C Without Valuation Reference Not Sustainable: ITAT Allahabad Restores Matter in H. K. Infraventure Pvt. Ltd. vs ACIT / CIT(A), NFAC (AY 2015-16)
Facts of the CaseThe assessee company sold two flats
during Assessment Year 2015-16 at prices lower than the circle rate. The
Assessing Officer completed the assessment under section 143(3) and made an
addition of ₹...
Ex-Parte Reassessment and Penalty Orders Set Aside for Violation of Natural Justice: ITAT Allahabad Restores Quantum and Penalty Issues for Fresh Adjudication – Shervani Sugar Syndicate Ltd. (AY 2012-13)
Facts of the CaseThe
assessee, Shervani Sugar Syndicate Limited, was subjected to
reassessment proceedings for Assessment Year 2012-13. The Assessing Officer
passed an ex-parte reassessment order dated 16.12.2019 unde...