ITAT Patna Judgments — November 2023

ACIT, CIRCLE-4, PATNA vs KUMAR ARUNODAYA, PATNA

ITA 94/PAT/2020[2012-13]Status: Heard7 Nov 2023AY 2012-13Allowed

The Tribunal held that the addition on account of notional income was not sustainable and directed its deletion, following a similar decision for a co-owner. It also upheld the deletion of estimated business profits as the AO lacked material evidence.

DCIT, CIRCLE-4, PATNA vs KUMAR ARUNODAYA, PATNA

ITA 89/PAT/2020[2012-13]Status: Heard7 Nov 2023AY 2012-13Allowed

The Tribunal held that the addition on account of notional income was not sustainable and directed its deletion, following a similar decision for a co-owner. It also upheld the deletion of estimated business profits as the AO lacked material evidence.

KUMAR ARUNODAYA,PATNA vs ASSISTANT COMMISSIONER OF INCOME TAX - 6, PATNA [NEW – DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE – 2, PATNA], PATNA

ITA 96/PAT/2021[2016-17]Status: Heard7 Nov 2023AY 2016-17Allowed

The Tribunal held that the addition on account of notional income was not sustainable and directed its deletion, following a similar decision for a co-owner. It also upheld the deletion of estimated business profits as the AO lacked material evidence.

KUMAR ARUNOSAYA,PATNA vs A.O., CIRCLE-6, PATNA

ITA 33/PAT/2020[2013-14]Status: Heard7 Nov 2023AY 2013-14Allowed

The Tribunal held that the addition on account of notional income was not sustainable and directed its deletion, following a similar decision for a co-owner. It also upheld the deletion of estimated business profits as the AO lacked material evidence.

ACIT, CENTRAL CIRCLE-2, PATNA vs KUMAR ARUNODAYA, PATNA

ITA 98/PAT/2021[2016-17]Status: Heard7 Nov 2023AY 2016-17Allowed

The Tribunal held that the addition on account of notional income was not sustainable and directed its deletion, following a similar decision for a co-owner. It also upheld the deletion of estimated business profits as the AO lacked material evidence.