ITAT Patna Judgments — May 2022

SUDHIR KUMAR,PATNA vs I.T.O., PATNA

ITA 90/PAT/2014[2010-11]Status: Disposed26 May 2022AY 2010-11Partly Allowed

The Tribunal confirmed additions related to business income, bank deposits, and fixed deposits, finding no reason to interfere with the lower authorities' findings. However, an addition for mutual fund investment was deleted as it was based on an opening balance from previous years, not current year investment.

AJAY KUMAR,NALANDA vs ITO, WARD-2(3), BIHARSHARIF

ITA 83/PAT/2020[2014-15]Status: Disposed26 May 2022AY 2014-15Allowed

The Tribunal condoned the 57-day delay in filing the appeal, citing the Supreme Court's directions regarding exclusion of the COVID-19 period for limitation. The appeal was admitted for adjudication.

M/S PARWATI EDUCATIONAL & WELFARE TRUST,PATNA vs PR.CIT-CENTRAL, PATNA

ITA 45/PAT/2021[2012-13]Status: Disposed23 May 2022AY 2012-13Allowed

The Tribunal held that the revisionary jurisdiction under Section 263 was not validly exercised by the PCIT. It found that the AO had conducted necessary inquiries, and the assessment order was neither erroneous nor prejudicial to the interest of the revenue.

M/S PARWATI EDUCATIONAL & WELFARE TRUST,PATNA vs PR.CIT-CENTRAL, PATNA

ITA 44/PAT/2021[2011-12]Status: Disposed23 May 2022AY 2011-12Allowed

The Tribunal held that the revisionary jurisdiction under Section 263 was not validly exercised by the PCIT. It found that the AO had conducted necessary inquiries, and the assessment order was neither erroneous nor prejudicial to the interest of the revenue.

SMT. RASHMI RANI vs JT. C.I.T.,

ITA 27/PAT/2016[2011-12]Status: Heard19 May 2022AY 2011-12Dismissed

The Tribunal granted the assessee's application for withdrawal of the appeal. This was based on the assessee's compliance with the Vivad Se Vishwas Scheme.