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
Penalties under Sections 271D & 271E for Cash Loans Set Aside for Fresh Adjudication: ITAT Allahabad Restores Appeals in Santosh Kumar vs ITO, Banda (AY 2017-18)
Facts of the CaseDuring
assessment proceedings for Assessment Year 2017-18, the assessee submitted that
he had received loans aggregating to ₹8,00,000, comprising ₹4,00,000 from Ms.
Shikha Jaiswal and ₹4,00,000 ...
Penalties under Sections 271D & 271E for Cash Loans Set Aside for Fresh Adjudication: ITAT Allahabad Restores Appeals in Santosh Kumar vs ITO, Banda (AY 2017-18)
Facts of the CaseDuring
assessment proceedings for Assessment Year 2017-18, the assessee submitted that
he had received loans aggregating to ₹8,00,000, comprising ₹4,00,000 from Ms.
Shikha Jaiswal and ₹4,00,000 ...
Ex-Parte Reassessment for Cash Deposits under Sections 147/144 Set Aside: ITAT Allahabad Grants Fresh Opportunity in Sandeep Kumar Pandey vs ITO-1(3), Prayagraj (AY 2019-20)
Facts of the CaseThe
assessee did not file a return of income for Assessment Year 2019-20. The
Income Tax Department was in possession of information that the assessee had
made cash deposits of ₹12,27,477 in a bank ...
Ex-Parte Best Judgment Assessment under Section 144 Set Aside: ITAT Allahabad Grants Fresh Opportunity in Ramendra Singh vs ITO, Ward 4(2)(3), Kannauj (AY 2017-18)
Facts of the CaseThe
assessee did not file a return of income for Assessment Year 2017-18. The
Income Tax Department received information that substantial cash deposits and
credit entries were made in the assessee’s...
Ex-Parte Assessment for Cash Deposits Set Aside: ITAT Allahabad Grants Fresh Opportunity in Ram Kumar Maurya vs ITO, Ward-1(5), Bhadohi (AY 2012-13)
The
assessee did not file a return of income for Assessment Year 2012-13. Based on
information available with the Income Tax Department that the assessee had
deposited cash amounting to ₹12,84,330 in his savings ban...
Cash Deposits and Capital Gains to Be Re-Examined: ITAT Allahabad Grants One Final Opportunity in Mohd Ubaid Ansari vs ITO (Faceless) (AY 2015-16)
Facts of the CaseThe
assessee did not file a return of income for Assessment Year 2015-16. The
Income Tax Department received information that the assessee had made cash and
cheque/RTGS deposits aggregating to ₹34,7...
Addition under Section 69 Set Aside for Lack of Proper Opportunity: ITAT Allahabad Restores Appeal in Mohammad Ghufran vs ITO-2(5), Kaushambi (AY 2017-18)
Facts of the CaseThe
assessee did not file a return of income for Assessment Year 2017-18. The
Income Tax Department received information that the assessee had purchased an
immovable property for a consideration of �...
Inordinate Delay of 824 Days Not Condoned: ITAT Allahabad Dismisses Appeal in Meenu vs Income Tax Officer (CPC/NFAC, Delhi) (AY 2017-18)
Facts of the CaseThe
assessee filed her return of income for Assessment Year 2017-18 declaring a
total income of ₹8,30,470. The Centralized Processing Centre (CPC), Bangalore
issued an intimation under section 143(1...
No Addition under Section 153A without Incriminating Material: ITAT Allahabad Deletes Additions in Kailash Jaiswal vs ACIT (Central Circle), Allahabad (AYs 2007-08 to 2012-13)
Facts of the CaseA
search and seizure operation under section 132 of the Income-tax Act, 1961 was
conducted on 29.05.2012. Pursuant thereto, assessments for Assessment Years
2007-08, 2009-10 to 2012-13 were completed ...
Cash Deposits during Demonetisation and Ex-Parte Assessment under Section 144: ITAT Allahabad Grants Fresh Opportunity in Hushn Jahan vs Income Tax Officer, Amethi (AY 2017-18)
Facts of the CaseThe
assessee did not file her return of income for Assessment Year 2017-18. The
Income Tax Department issued a notice under section 142(1) of the Income-tax
Act, 1961, requiring the assessee to file a...