ITAT Allahabad Judgments — March 2025

The Tribunal held that since the assessee opted for the VSVS and completed the necessary formalities, the appeals became infructuous and were dismissed. The Tribunal clarified that the assessee could seek restoration of appeals if the issues were found not settled under VSVS.

The Tribunal held that since the assessee opted for the VSVS and completed the necessary formalities, the appeals became infructuous and were dismissed. The Tribunal clarified that the assessee could seek restoration of appeals if the issues were found not settled under VSVS.

The Tribunal held that since the assessee opted for the VSVS and completed the necessary formalities, the appeals became infructuous and were dismissed. The Tribunal clarified that the assessee could seek restoration of appeals if the issues were found not settled under VSVS.

The Tribunal held that the opening balance of capital and gifts received from relatives were sufficiently substantiated. Therefore, the additions sustained by the CIT(A) on these counts were deleted.

The Tribunal upheld the rejection of the assessee's books of account due to identified defects. However, it directed the AO to re-examine additions related to contract receipts and modified the estimated net profit rate, considering the assessee's past history and the nature of the business.

The Tribunal held that the additions for unexplained loans from Umang Grover and Piyush Verma were justified due to lack of sufficient evidence regarding creditworthiness and genuineness. However, the disallowance of depreciation was incorrect as the payments were verifiable from the assessee's accounts, despite the bills being in the husband's name.

The Tribunal held that the Supreme Court's decision in Checkmate Services P. Ltd. squarely covers the issue, distinguishing between employer and employee contributions. Employee contributions must be deposited by the due date under the respective Acts, and the COVID-19 pandemic extensions did not override this obligation.