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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...
Section 68 Addition on Plot Booking Advances Remanded — ITAT Allahabad Holds Ex-Parte Appellate Order Unsustainable Where Company Had Closed Operations in Unisun Housing Company Ltd. vs. ITO Ward-2(3), Allahabad (ITA No.30/ALLD/2024, AY 2006-07)
Facts of the CaseThe assessee, a private limited company engaged in real estate
development, filed a return declaring income of ₹22,214. The assessment was
completed at ₹62,25,390, including additions relating to a...
ITAT Allahabad Remands Best-Judgment Assessment u/s 144 for Fresh Examination of Sundry Creditors, Advances and NP Addition — SPS Automobiles vs ITO (AY 2015-16)
Facts of the
CaseThe assessee, SPS Automobiles, filed its return of
income for Assessment Year 2015-16 declaring total income of Rs. 6,71,980.
During scrutiny proceedings, the Assessing Officer issued notices under Se...
Bank Deposits of Business Correspondent Handling Customer Funds Require Verification — ITAT Allahabad Sets Aside Addition u/s 69 & 115BBE in Suraj Kumar Tiwari vs. ITO Ward-1(5), Bhadohi (ITA No.35/ALLD/2024, AY 2017-18)
Facts of the CaseThe assessee filed his return declaring income of ₹2,10,140
under the head “Income from Other Sources.” He was working as a Business
Correspondent (BC) for the State Bank of India, Gopiganj Branc...