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Pawan Kumar Kasaudhan (L/H Poonam Gupta) vs ITO, Sultanpur – ITAT Allahabad Sets Aside Ex-Parte Reassessment under Section 148 for Violation of Section 250(6)
Facts of the CaseThe
assessee filed his return of income on 07.11.2017 declaring total income of
₹5,09,040/-.The
Assessing Officer observed a difference of ₹3,25,75,640/- between credits in
Axis Bank accounts and...
Allahabad Development Authority vs ACIT (Exemption) – ITAT Allahabad on Section 11 Exemption, Proviso to Section 2(15) & Taxability of Government Grants (AY 2014-15 to 2016-17)
Facts of the CaseThe
assessee, Allahabad Development Authority (ADA), a statutory body constituted
under the Uttar Pradesh Urban Planning & Development Act, 1973, filed
returns declaring Nil income after claiming ...
Ex-Parte Assessment & 8% Profit Addition Set Aside – ITAT Allahabad Remands Case for Fresh Decision under Section 250(6) in Vishvanath vs ITO (ITA No.159/Alld/2024, A.Y. 2017-18)
Facts of the CaseThe
assessee is an individual engaged in fisheries business on commission basis.For
the assessment year under consideration, the case was selected for scrutiny
with respect to cash deposits amounting ...
Multiple Appeals Dismissed as Infructuous After Opting for Vivad Se Vishwas Scheme, 2024 – ITAT Allahabad in Ashwani Singh vs ITO, NFAC (ITA Nos.93, 94 & 97/Alld/2024, A.Ys. 2014-15 to 2016-17)
Facts of the CaseThe
assessee filed three appeals before the Income Tax Appellate Tribunal against
the impugned appellate orders dated 03.04.2024 passed by the learned
Commissioner of Income Tax (Appeals) for Assessme...
Penalty u/s 270A Withdrawn After Opting for Vivad Se Vishwas Scheme, 2024 – ITAT Allahabad Dismisses Appeal as Withdrawn in Priti Mishra vs ACIT (ITA No.90/Alld/2024, A.Y. 2017-18)
Facts of the CaseThe
present appeal was filed by the assessee against the order of the learned
Commissioner of Income Tax (Appeals), NFAC, passed under Section 250 of the
Income Tax Act on 29.03.2024, whereby the appe...
Ex-Parte Order by CIT(A) Without Deciding on Merits Set Aside by ITAT Allahabad – Smt. Veena Singh vs ACIT (ITA No.85/Alld/2024, A.Y. 2007-08) | Section 250(6) Compliance Mandatory
Facts of the CaseThe
assessment proceedings under Sections 147 read with 144 of the Income Tax Act
were completed on 30.03.2015 determining the total income of the assessee at
Rs. 17,00,000/-.Aggrieved
by the assessm...
No Notice u/s 143(2) Required Where Return Filed Beyond Time – ITAT Allahabad Dismisses Appeal in Surendra Kumar Mishra vs ACIT (ITA No.140/Alld/2023) | Applicability of Hotel Blue Moon & Rajiv Sharma Explained
Facts of the CaseThe
assessee filed his original return of income for A.Y. 2002-03 on 13.07.2003
declaring total income of Rs.1,68,000/-.Subsequently,
the Department came to know that the assessee had converted a leas...
Unsecured Loans from Husband and Third Party Upheld as Unexplained u/s 69A – Depreciation Allowed on Assets Purchased in Spouse’s Name | ITAT Allahabad in Pooja Grover vs DCIT (ITA No.140/Alld/2024, A.Y. 2017-18)
Facts of the CaseThe
assessee filed her return of income on 28.09.2017 declaring total income of
Rs.20,06,120/-. The case was selected for scrutiny under CASS on account of:
Large increase
in unsecured loans,
...
Ex-Parte Order by CIT(A) Without Deciding on Merits Set Aside by ITAT Allahabad – Smt. Veena Singh vs ACIT (ITA No.85/Alld/2024, A.Y. 2007-08) | Section 250(6) Compliance Mandatory
Facts of the CaseThe
assessment proceedings under Sections 147 read with 144 of the Income Tax Act
were completed on 30.03.2015 determining the total income of the assessee at
Rs. 17,00,000/-.Aggrieved
by the assessm...
Rejection of Books u/s 145(3) Upheld but Net Profit Reduced to 3.5% for Electrical Contractor – ITAT Allahabad in M/s Deora Electric Works vs JCIT (ITA No.637/ALLD/2014, A.Y. 2010-11)
Facts of the CaseThe
assessee firm was engaged in electrical contract work primarily for Central
Government Departments such as MES, Railway and BSNL.For
the relevant assessment year, the assessee declared contractual...