Ivan Singh v. Asstt. CIT

116 Taxmann.com 499High Court2020#4418 most cited

What is Ivan Singh v. Asstt. CIT authority for?

Section 68 of the Income-tax Act, 1961, does not permit additions in a subsequent assessment year for sums that were credited in earlier years and brought forward as liabilities in the balance sheet.

27

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2022 to 2026.

Also referred to as

Ivan Singh v. Asstt. CIT · Section 68 · addition u/s 68 · sundry credit balances · prior year · subsequent assessment year · brought forward liabilities

Also reported as

422 ITR 128272 Taxmann 36

Sections most often in play

Section 68Section 234BSection 143(2)Section 22Section 23Section 40(a)(ia)Section 43CBSection 132
Read the full judgment

Issues it is cited on

section 23(5)section 23(4)annual letting valuesection 106annual valuesection 23(1)project completion methodhouse property incomesection 24(a)section 43cjoint development agreementfresh tangible material

Judgments citing Ivan Singh v. Asstt. CIT

Sarika Ashok Satav, Pune vs. Income-Tax Officer, Ward - 12(4), Pune

Appeal is partly allowed for statistical purposes in above terms

ITA 1952/PUN/2017[2013-14]Status: DisposedITAT Pune18 Oct 2022AY 2013-14

Bench: Shri S.S.Godara, Jm & Shri G.D. Padmahshali, Am आयकर अपील सं. / Ita No.1952/Pun/2017 धनधाारण वषा / Assessment Year : 2013-14

For Appellant: Shri Deepak SasarFor Respondent: Shri M.G. Jasnani
Section 133(6)Section 143(2)Section 143(3)

…आयकर अपीलीय अधधकरण “बी” न्यायपीठ पुणे में । IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, PUNE BEFORE SHRI S.S.GODARA, JM AND SHRI G.D. PADMAHSHALI, AM आयकर अपील सं. / ITA No.1952/PUN/2017 धनधाारण वषा / Assessment Year : 2013-14 Sarika Ashok Satav, Supreme Angan Society, 1 Building Flat No.301, 3rd Floor, RMC Colony, BAIF Road, Wagholi, Pune – 412 207 .......अपीलाथी / Appellant PAN : DOVPS1327N बनाम / V/s. ……प्रत्यथी / Respondent ITO, 12 (4), Pune Assessee by : Shri Deepak Sasar Revenue by : Shri M.G. Jasnani सुनवाई की तारीख / Date of Hearing : 26.09.2022 घोषणा की तारीख / Date of Pronouncement : 18.10.2022…

ITO 12(3)(1), Mumbai vs. Ktg Developers Pvt Ltd, Mumbai

In the result, appeal by the Revenue is partly allowed for statistical purpose

ITA 4336/MUM/2019[2011-12]Status: DisposedITAT Mumbai10 Oct 2022AY 2011-12

Bench: Shri Vikas Awasthy& Shri Gagan Goyalआअसं.4336/मुं/2019(िन.व. 2011-12) Ito-12 (3) (1), Room No.147A, 1St Floor, Aayakarbhavan, M.K. Road, ...... अपीलाथ"/Appellant Mumbai-400 020 बनाम Vs. M/S. Ktg Developers Pvt. Ltd., Link Komal Co-Op Gh Society, Flat No.3, Plot No.81-A, Linking Road, Santacruz (W) Mumbai-400 054 Pan: Aacck-9929-R ..... "ितवादी/Respondent अपीलाथ" "ारा/ Appellant By : Shri Tejinder Pal Singh "ितवादी "ारा/Respondent By : Shri Jitendra Singh सुनवाई की ितिथ/ Date Of Hearing : 15/07/2022 घोषणा की ितिथ/ Date Of Pronouncement : 10/10/2022 आदेश/ Order

For Appellant: Shri Tejinder Pal SinghFor Respondent: Shri Jitendra Singh
Section 68

…stead of making addition of the same in the hands of assessee as 6 unexplained cash credit. In support of his contentions he placed reliance on thefollowing decisions: (i) CIT vs. Gagandeep Infrastructure Pvt. Ltd, 394 ITR 680(Bom.) (ii) Ivan Singh vs ACIT, 422 ITR 128 (Bom.) 4.2 In respect of ground No. 3 of appeal, Id. Counsel for the assessee submits that all details in possession of the assessee in respect of unsecured loan lenders were furnished to the Assessing Officer during the assessment proceedings. The Assessing Officer without appreciating documents placed on record made addition u/s 68 of the Ac…

DCIT 4 (3)(1), Mumbai vs. Shri Mohit Keepak Kamboj, Mumbai

ITA 4285/MUM/2019[2010-11]Status: DisposedITAT Mumbai28 Sept 2022AY 2010-11

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alcpk2213Q (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

For Appellant: Shri Satyaprakash SinghFor Respondent: Shri P. R. Mane
Section 143(2)Section 143(3)Section 2(22)(e)Section 23Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S. RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) DCIT-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) ACIT, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5th Floor, Kamboj Vs. Aayakar Bhavan…

ACIT Cir-6(3)(2), Mumbai vs. Shri Mohit Deepak Kamboj, Mumbai

ITA 801/MUM/2018[2012-13]Status: DisposedITAT Mumbai28 Sept 2022AY 2012-13

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alckp2213G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

For Appellant: Shri Satyaprakash SinghFor Respondent: Shri P. R. Mane
Section 143(2)Section 143(3)Section 2(22)(e)Section 23Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S. RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) DCIT-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) ACIT, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5th Floor, Kamboj Vs. Aayakar Bhavan…

DCIT 4 (3)(1), Mumbai vs. Mohit Deepak Kamboj, Mumbai

ITA 6384/MUM/2018[2010-11]Status: DisposedITAT Mumbai28 Sept 2022AY 2010-11

Bench: Shri Aby T. Varkey, Jm & Shri S. Rifaur Rahman, Am आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) Dcit-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6Th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-Op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) Acit, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5Th Floor, Kamboj Vs. Aayakar Bhavan, M. K. A-15, Venus Co-Op. Road, Mumbai-400020. Society, R. G. Thandani Marg, Mumbai-400018 स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Alckp2213G (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee By: Shri Satyaprakash Singh Revenue By: Shri P. R. Mane सुनवाई की तारीख / Date Of Hearing: 15/07/2022 घोषणा की तारीख /Date Of Pronouncement: 28/09/2022 आदेश / O R D E R Per Aby T. Varkey, Jm:

For Appellant: Shri Satyaprakash SinghFor Respondent: Shri P. R. Mane
Section 143(2)Section 143(3)Section 2(22)(e)Section 23Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S. RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.4285/Mum/2019 (निर्धारण वर्ा / Assessment Year: 2010-11) & आयकर अपील सं/ I.T.A. No.6384/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2010-11) DCIT-4(3)(1) बिधम/ Shri Mohit Deepak Room No. 649, 6th Floor, Kamboj Vs. Aayakar Bhavan, Mumbai- A-15, Venus Co-op. 400020. Society, R. G. Thandani Marg, Mumbai-400018. & आयकर अपील सं/ I.T.A. No.801/Mum/2018 (निर्धारण वर्ा / Assessment Year: 2012-13) ACIT, Cir-6(3)(2) बिधम/ Shri Mohit Deepak R. No. 522, 5th Floor, Kamboj Vs. Aayakar Bhavan…

Rakyan Beverages Private Limited, Raigarh vs. ACIT 5(3)(1), Mumbai

In the result, the appeal of the assessee is partly allowed for statistical purposes

ITA 120/MUM/2022[2018-19]Status: DisposedITAT Mumbai24 Aug 2022AY 2018-19
For Appellant: Shri J. D. Mistry & MadhurFor Respondent: Shri Prakash Mane (DR)
Section 68

…`IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S. RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.120/Mum/2022 (निर्धारण वर्ा / Assessment Years: 2018-19) Raw Pressery Private बिधम/ ACIT-5(3)(1) Limited (formerly known as Room No.573, 5th Floor, Vs. Rakyan Beverages Pvt. Aayakar Bhavan, M. K. Ltd.) Road, Mumbai-400020. Office No. 910, 9th Floor, Niharika Mirage, Plot No.274, Sector-10, Kharghar, Raigarh-410210. स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AAGCR6808Q (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) Assessee by: Shri J. D. Mistry & Madhur Agrawal & Dhanesh…

Gajjireddy Krishnaveni, Annatapur vs. ITO Ward-2, Anantapur

Appeal is allowed in above terms

ITA 16/HYD/2022[2017-18]Status: DisposedITAT Hyderabad04 Mar 2022AY 2017-18

Bench: Shri S.S.Godaraassessment Year: 2017-18 Gajjelareddy Krishnaveni, Vs. The Income Tax Officer, Anantapur. Ward – 2, Anantapur. Pan : Epkpk0246F. (Appellant) (Respondent) Assessee By: Sri K. A. Sai Prasad. Revenue By: Ms. Sumitha. Date Of Hearing: 02/03/2022 Date Of Pronouncement: 04/03/2022

For Appellant: Sri K. A. Sai PrasadFor Respondent: Ms. Sumitha
Section 143(3)Section 69A

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “SMC”, HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SHRI S.S.GODARA, JUDICIAL MEMBER Assessment Year: 2017-18 Gajjelareddy Krishnaveni, Vs. The Income Tax Officer, Anantapur. Ward – 2, Anantapur. PAN : EPKPK0246F. (Appellant) (Respondent) Assessee by: Sri K. A. Sai Prasad. Revenue by: Ms. Sumitha. Date of hearing: 02/03/2022 Date of pronouncement: 04/03/2022 O R D E R Per S. S. Godara, J.M. This assessee’s appeal arises from the National Faceless Appeal Centre (NFAC), Delhi’s order dated 24.11.2021 in case No. ITBA/NFAC/S/250/2021-22/103716788(1) involving p…