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Appeal Dismissed for Inordinate Delay Without Sufficient Cause — ITAT Allahabad in Shalimar Powerloom Textiles vs. ITO, Ward-1(5), Allahabad (AY 2012-13)
Facts of the CaseThe assessee, Shalimar Powerloom Textiles, filed an appeal
before the Income Tax Appellate Tribunal against the order of the Commissioner
of Income Tax (Appeals), Allahabad, dated 01.10.2019 for Assess...
Addition for Cash Deposits under Section 69A Set Aside as NFAC Ex-Parte Order Restored — Surendra Kumar vs. ITO-2(3), Allahabad (ITAT Allahabad)
Facts of the CaseBased on information available in the Individual Transaction
Statement (ITS), the Income Tax Department discovered that the assessee had
deposited ₹47,00,000 in a bank account during the relevant yea...
CIT(A) Cannot Dismiss Appeal for Non-Prosecution Without Deciding Legal Grounds — ITAT Allahabad Restores Section 56(2)(x) Agricultural Land Case in Rajman vs. ITO Ward-3, Ambedkar Nagar (ITA No.79/ALLD/2024, AY 2018-19)
Facts of the CaseThe assessee’s case was selected for limited scrutiny under
the e-Assessment Scheme, 2019 regarding investment in immovable property
purchased below stamp duty value. The assessee had acquired three ...
Ex-Parte NFAC Order Confirming Section 68 Addition Set Aside — ITAT Allahabad Restores Appeal in Ramdas vs. DCIT, Circle-1, Allahabad (AY 2014-15)
Facts of the CaseThe assessee, an individual engaged in the civil
construction business, filed his return of income for Assessment Year 2014-15
declaring total income of ₹20,91,500. The Assessing Officer issued notic...
Presumptive Tax under Section 44AE Upheld for Truck Income but Commission Deposits Remanded — ITAT Allahabad in Dilshad Husain vs. ACIT, Circle-1, Allahabad (AYs 2009-10 & 2011-12)
Facts of the CaseThe assessee, a small transport dealer, filed returns showing
modest income from plying trucks. Information from AIR indicated substantial
cash deposits in his bank account. For Assessment Year 2009-10...
Demonetization Cash Deposits Addition under Section 69A Set Aside — ITAT Allahabad Grants Fresh Opportunity in Pushpendra Bahadur Singh vs. ITO, Mirzapur (AY 2017-18)
Facts of the CaseBased on data analytics and information gathered under
“Operation Clean Money,” the Income Tax Department found that the assessee had
deposited ₹13,78,500 in his bank account during the demonetiz...
Ex-Parte NFAC Order Set Aside for Lack of Opportunity — ITAT Allahabad Restores Appeal in M/s Dibya Construction Co. vs. DCIT, Circle-3, Mirzapur (AY 2014-15)
Facts of the CaseThe assessee, M/s Dibya Construction Co., engaged in the
business of civil contracts, filed its return of income for Assessment Year
2014-15 declaring total income of ₹40,85,310. The case was selecte...
Cash Deposits During Demonetization Treated as Undisclosed Income Set Aside — Lokhit Gram Vikas Seva Samiti vs. ITO (Exemption), Allahabad (ITAT Allahabad)
Facts of the CaseThe assessee, Lokhit Gram Vikas Seva Samiti, a registered
society engaged in running educational activities, maintained bank accounts
with HDFC Bank. Information was received by the Income Tax Departme...
Capital Introduction, Unsecured Loans & Demonetization Cash Deposits — ITAT Allahabad Orders Fresh Verification of Evidence in Vipin Gupta vs. ITO Ward-2(3), Allahabad (ITA No.88/ALLD/2024, AY 2017-18)
Facts of the CaseThe assessee filed his return declaring income of ₹4,30,350.
During scrutiny, the Assessing Officer noticed fresh capital introduction,
unsecured loans from several persons, and substantial cash depo...
Ex-Parte Assessment for Cash Deposits Set Aside and Matter Remanded for Fresh Adjudication — Smt. Iris Henry vs. ITO, Ward-1(2), Allahabad (ITAT Allahabad)
Facts of the CaseBased on information available with the Income Tax
Department, the assessee, Smt. Iris Henry, had deposited cash amounting to
₹51,30,000 in her bank account with Punjab National Bank during the relev...