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ACIT vs H. K. Infraventures Pvt. Ltd. — ITAT Allahabad Dismisses Revenue Appeal on Low Tax Effect as per CBDT Circular under Section 268A, Income-tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the Income Tax
Appellate Tribunal challenging the order of the Commissioner (Appeals) granting
relief to the assessee. However, at the time of hearing, it was noted t...
Sobat Singh vs ITO — ITAT Allahabad on Assessment under Section 143(3): Additions Based on Inadequate Evidence and Burden of Proof under Income-tax Act, 1961
Facts of the CaseThe assessee was subjected to scrutiny assessment
under Section 143(3) of the Income-tax Act for the relevant assessment year.
During the assessment proceedings, the Assessing Officer examined the fina...
LPR Construction vs ITO — ITAT Allahabad on Disallowance of Subcontractor Expenses & Cash Payments under Section 40A(3), 143(3) of Income-tax Act, 1961
Facts of the CaseThe assessee, a construction firm, claimed business
expenditure for payments made to contractors and subcontractors in connection
with project execution. During scrutiny assessment proceedings under Se...
B. M. Gupta vs ITO — ITAT Allahabad on Scope of Rectification under Section 154: Whether Debatable Issues Can Be Corrected as “Mistake Apparent from Record”
Facts of the CaseThe Assessing Officer passed a rectification order
under Section 154 of the Income-tax Act purportedly to correct an error in the
assessment. The rectification resulted in modification of the assessee...
Dileep Kumar Khaitan vs ITO — ITAT Allahabad on Scrutiny Assessment under Section 143(3): Additions Based on Unsubstantiated Transactions, Income-tax Act, 1961
Facts of the CaseThe assessee was subjected to scrutiny assessment
under Section 143(3) of the Income-tax Act for the relevant assessment year.
During the assessment proceedings, the Assessing Officer examined financia...
Bhagwan Theatre vs ITO — ITAT Allahabad on Scrutiny Assessment under Section 143(3): Additions on Business Receipts and Evidentiary Burden, Income-tax Act, 1961
Facts of the CaseThe assessee, engaged in the business of operating
a cinema theatre, was subjected to scrutiny assessment under Section 143(3) of
the Income-tax Act for the relevant assessment years. During assessment...
Patit Pawani Tara Tapo Sadhana Samiti vs CIT(E) — ITAT Allahabad Remands Rejection of Section 80G Approval for Fresh Examination under Rule 11AA, Income-tax Act, 1961
Facts of the CaseThe assessee-society applied for approval under
Section 80G of the Income-tax Act, 1961 to enable donors to claim deduction for
donations. The Commissioner of Income Tax (Exemption) rejected the applic...
Sujit Majumdar vs ITO — ITAT Allahabad on Taxability of Long-Term Capital Gain from Property Sale and Allowability of Conversion Charges under Section 48, Income-tax Act, 1961
Facts of the CaseThe assessee, an individual, sold his share in an
immovable property and declared the resultant long-term capital gain. During
scrutiny assessment under Section 143(3), the Assessing Officer computed
...
Kalyan Singh vs ITO — ITAT Allahabad on Dismissal of Appeal for Non-Prosecution under Rule 24 & Restoration Principles, Income-tax Act, 1961
Facts of the
CaseThe assessee filed an appeal before the Income Tax
Appellate Tribunal challenging the order passed by the lower appellate
authority. During the course of proceedings before the Tribunal, the assessee
...
Mohit Anand vs ITO — ITAT Allahabad on Addition for Unexplained Cash Deposits under Section 69A, Income-tax Act, 1961
Facts of the CaseDuring assessment proceedings, the Assessing
Officer noticed substantial cash deposits in the bank account of the assessee.
The assessee was required to explain the source of such deposits. Not being
...