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Penalty under Section 270A Cannot Be Levied on Estimated Income Without Misreporting — ITAT Allahabad Deletes Penalty in Ajit Tripathi vs. NFAC (AY 2017-18)
Facts of the CaseThe assessee had commenced a dairy business under the
“Kamdhenu Yojna” of the Uttar Pradesh Government by obtaining a bank loan of
₹91,00,000. This was the first year of business. The assessee de...
NFAC Ex-Parte Dismissal for Non-Compliance Set Aside — ITAT Allahabad Restores Appeal in Rakesh Kumar Singh vs. DCIT/ACIT-3, Mirzapur (AY 2016-17)
Facts of the CaseThe assessee filed his return of income declaring taxable
income of ₹10,19,230 for Assessment Year 2016-17. The case was selected for
scrutiny through CASS, and the assessment was completed at a tota...
Ex-Parte NFAC Dismissal for Non-Prosecution Set Aside — ITAT Allahabad Restores Section 69 Addition Case in Ram Bodh Singh vs. ITO, Pratapgarh (AY 2012-13)
Facts of the CaseThe assessee, an individual engaged in the business of a brick
kiln under the name M/s R.B.S. Ent. Udyog, did not file a return of income for
Assessment Year 2012-13.During assessment proceedings, the ...
NFAC Ex-Parte Dismissal Set Aside — ITAT Allahabad Restores Reassessment Appeal in Shesh Nath Singh vs. DCIT, Allahabad (AY 2010-11)
Facts of the CaseThe assessee, an individual engaged in civil contract work and
earning interest income from banks, was subjected to reassessment proceedings
for Assessment Year 2010-11.Statutory notices under Section ...
Past Savings Deposited During Demonetization — ITAT Allahabad Restores Section 69A Addition Case for Fresh Examination in Manjushree Dubey vs. ITO-1(3), Allahabad (AY 2017-18)
Facts of the CaseThe assessee filed her return of income declaring total income
of ₹3,54,250. The case was selected for scrutiny on the issue of “cash deposits
during the year.”The assessee was a commission agent...
Belated Audit Report Filed Before Assessment Must Be Considered — ITAT Allahabad Sets Aside Best-Judgment Assessment in Pradeep Kumar Kesharwani vs. ITO, Ward-2(2), Prayagraj (AY 2017-18)
Facts of the CaseThe assessee had not filed his return of income for Assessment
Year 2017-18 within the prescribed time. During verification under “Operation
Clean Money,” the department identified substantial cash...
Agricultural Income Claim Cannot Be Rejected Without Proper Verification — ITAT Allahabad Restores Section 69A Addition Case in Ram Krishna Shukla vs. Addl. JCIT(A), Patna (AY 2017-18)
Facts of the CaseThe assessee, a retired government primary school teacher
residing in a rural area, had not filed a return of income for Assessment Year
2017-18. The Assessing Officer issued notice under Section 142(1...
Belated Audit Report Filed Before Assessment Must Be Considered — ITAT Allahabad Sets Aside Best-Judgment Assessment in Pradeep Kumar Kesharwani vs. ITO, Ward-2(2), Prayagraj (AY 2017-18)
Facts of the CaseThe assessee had not filed his return of income for Assessment
Year 2017-18 within the prescribed time. During verification under “Operation
Clean Money,” the department identified substantial cash...
TAT Allahabad: Demonetization Cash Deposits by Petrol Pump Cannot Be Treated as Unexplained u/s 69A Without Proper Verification — Matter Remanded for Fresh Assessment | Shri Ganesh Bio Diesel Kisan Sewa Kendra vs ITO (AY 2017-18)
Facts of the
CaseThe assessee, Shri Ganesh Bio Diesel Kisan Sewa
Kendra, filed its return of income declaring a total income of Rs. 3,240 for
Assessment Year 2017-18. The case was selected for scrutiny, and noti...
Enhancement Without Notice u/s 251(2) Invalid — ITAT Allahabad Sets Aside Ex-Parte Demonetization Deposit Addition u/s 69A in Vikash Kumar vs. ITO Ward-3(2), Mirzapur (ITA No.45/ALLD/2024, AY 2017-18)
Facts of the CaseThe assessee had not filed a return of income for AY 2017-18.
Information available with the Department showed cash deposits of ₹11,42,000 in
a bank account during the demonetization period (09.11.20...