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Krishnapati Sewashram vs CIT(E) — ITAT Decision on Denial of Approval under Section 80G of Income-tax Act, 1961: Religious vs Charitable Purpose
Facts of the CaseThe assessee, a trust engaged in activities
connected with worship and related functions along with certain charitable
activities, challenged the order of the Commissioner of Income Tax (Exemption)
de...
Reassessment Based on Incorrect Cash Deposit Information Held Invalid: ITAT in Sri Late Surya Prakash Kesarwani & Anr. — Addition u/s 68 and Proceedings u/s 147/148 Quashed for Lack of Valid “Reason to Believe”
Facts of the CaseThe assessee filed the return of income declaring
income as per books of account. Subsequently, the Assessing Officer initiated
reassessment proceedings on the basis of information suggesting that the
...
Amit Kumar Gupta vs ITO (ITAT Allahabad) — Addition Deleted on Legal Grounds under Income-tax Act, 1961: Detailed Analysis of Sections Involved
Facts of the CaseThe assessee filed an appeal before the Income Tax
Appellate Tribunal challenging the order passed by the lower authorities
wherein certain additions/disallowances were made to the returned income duri...
Delayed Employees’ PF Contribution Paid Before Return Due Date Allowable — ITAT Allahabad in JCIT v. Bharat Pumps & Compressors Ltd. (ITA Nos. 147 & 148/2016) Interpreting Sections 36(1)(va) & 43B
Facts of the CaseThe assessee, a public sector undertaking engaged
in manufacturing pumps and compressors, had collected employees’ contributions
toward Provident Fund (PF). Certain amounts were deposited beyon...
Addition under Section 69A for Cash Deposits Deleted — ITAT Allahabad in Ajay Kumar Gupta v. ITO Holds Suspicion Cannot Substitute Evidence
Facts of the
CaseThe assessee, an individual, was subjected to
assessment proceedings during which the Assessing Officer noticed substantial
cash deposits in the assessee’s bank account for the relevant assessment y...
Reassessment Held Invalid Due to Lack of Jurisdiction — ITAT Allahabad in Gaya Prasad Bajaj v. ITO (ITA No. 375/2018) on Sections 147 & 148
Facts of the
CaseThe assessee was subjected to reassessment
proceedings initiated under Sections 147 and 148 of the Income-tax Act, 1961 on
the ground that income had allegedly escaped assessment. A notice under Secti...
Ex-Parte Assessment and Section 68 Additions Set Aside for Denial of Proper Opportunity — ITAT Allahabad in Amit Kumar v. ITO (ITA No. 122/2019)
Facts of the CaseThe assessee was subjected to assessment
proceedings that resulted in an ex-parte order due to alleged failure to comply
with statutory notices issued by the Assessing Officer. The assessment was
comp...
Revision u/s 263 Against Charitable Trust Set Aside for Lack of Proper Opportunity — ITAT Allahabad in Mahaveer Charitable Trust v. CIT (Exemption) on Sections 11, 12AA & 263
Facts of the
CaseThe assessee, a registered charitable trust, filed
its return of income declaring nil income after claiming exemption under
Sections 11 and 12 of the Income-tax Act, 1961. The assessment was completed...
Section 263 Revision Set Aside for Lack of Adequate Opportunity — ITAT Allahabad in Anil Kumar Singh v. PCIT (AY 2010-11) | Order Passed Within 5 Days of SCN Held Invali
Facts of the
CaseThe assessee’s reassessment for Assessment Year
2010-11 was completed by the Assessing Officer under Sections 147 read with
143(3), wherein certain receipts were treated as business turnover and pro...
Ad-hoc Disallowance of Expenses and 50% Addition of Sundry Creditors Set Aside — ITAT Allahabad in Kasim Hussain v. DCIT (AY 2014-15) | Matter Remanded for Proper Verification under Sections 142(1) & 143(3)
Facts of the CaseThe assessee, a civil contractor operating through
proprietary concerns M/s M J A Enterprises and M/s Janta Constructions, filed
the return of income declaring total income of ₹10,34,580 for As...