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“Section 142(1)”

Section References (mined)Section 142Section 142(1)15,051 judgments

The decision most relied on for Section 142(1) is Collector, Land Acquisition v. Mst. Katiji (167 ITR 471), cited in 3,926 judgments on BharatTax.

Leading authorities on Section 142(1)

Collector, Land Acquisition v. Mst. Katiji
167 ITR 471 · 1987 · Supreme Court
3,926
citing judgments

Delay in filing appeals, when supported by sufficient or justifiable cause, should be condoned with a liberal approach to ensure substantial justice. This principle prioritizes the cause of justice over mere technicalities.

Malabar Industrial Co. Ltd. v. CIT
243 ITR 83 · 2000 · Supreme Court
2,943
citing judgments

For revision under Section 263, the Assessing Officer's order must be both erroneous and prejudicial to the interests of the revenue; if either condition is not met, the revisionary jurisdiction cannot be invoked. An order is not erroneous merely because the Assessing Officer did not record the details of enquiries conducted, provided due enquiries were made.

CIT v. Multiplan India Ltd.
38 ITD 320 · 1991 · ITAT
2,267
citing judgments

An appeal before the Income Tax Appellate Tribunal can be dismissed for non-prosecution or treated as unadmitted when the appellant fails to appear, cooperate, or show diligence, in accordance with Rule 19(2) of the Income-tax (Appellate Tribunal) Rules. The law aids the vigilant, not those who sleep on their rights.

Estate of Late Tukojirao Holkar v. CWT
223 ITR 480 · 1997 · High Court
2,040
citing judgments

A court or tribunal is not bound to answer a reference or adjudicate an appeal on its merits if the party at whose instance the proceeding is made fails to appear at the hearing or take necessary steps for its proper conduct.

Sumati Dayal v. CIT
214 ITR 801 · 1995 · Supreme Court
1,967
citing judgments

The Revenue is entitled to look behind the apparent form of a transaction to discover its true nature, applying the test of human probabilities and surrounding circumstances. If transactions defy logic or are unnatural, they can be treated as bogus, even if supported by some documentation, especially in cases of cash credits or unexplained investments.

CIT v. Kelvinator of India Ltd.
320 ITR 561 · 2010 · Supreme Court
1,673
citing judgments

An Assessing Officer cannot initiate reassessment proceedings under Section 147 of the Income Tax Act based on a mere change of opinion. Reassessment is permissible only when there is fresh tangible material leading to the belief of income escapement, not merely a review of existing facts.

CIT v. B.N. Bhattacharya & Another
118 ITR 461 · 1997 · Supreme Court
1,656
citing judgments

Appealing a tax assessment requires more than just filing the appeal; it involves actively pursuing it. The assessee must effectively engage with the appellate process.

CIT v. Durga Prasad More
82 ITR 540 · 1971 · Supreme Court
1,579
citing judgments

Tax authorities must judge evidence using the test of human probabilities and consider the apparent as real until there are reasons to believe it is not. They can rely on circumstantial evidence and the preponderance of probabilities to determine the genuineness of transactions.

Judgments citing Section 142(1)

Sujeet Kumar Mishra, New Delhi vs. ITO Ward-61(3), New Delhi

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 7784/DEL/2019[2008-09]Status: DisposedITAT Delhi03 Nov 2021AY 2008-09

Bench: Shri R.K. Pandaassessment Year: 2008-09 Sujeet Kumar Mishra, Vs. Ito, 436 (Basement), Jangpura, Ward-61(3), Mathura Road, New Delhi. New Delhi. Pan: Aitpm2677A (Appellant) (Respondent) Assessee By : Shri Sujeet Kumar Mishra, Assessee Revenue By : Shri Om Prakash, Sr.Dr Date Of Hearing : 03.11.2021 Date Of Pronouncement : 03.11.2021 Order This Appeal Filed By The Assessee Is Directed Against The Order Dated 31St May, 2019 Of The Cit(A)-38, New Delhi, Relating To Assessment Year 2008-09. 2. Although A Number Of Grounds Have Been Raised By The Assessee, These All Relate To The Ex Parte Order Of The Cit(A) In Confirming An Addition Of Rs.10,80,000/- Made By The Ao On Account Of Cash Deposit In The Bank Account Under The Head ‘Undisclosed Sources.’ 3. Facts Of The Case, In Brief, Are That The Assessee Is An Individual & Derives Income From Profession & ‘Income From Other Sources.’ During The Course Of Original Assessment Proceedings, The Ao Noticed That The Assessee Has Deposited Cash Of Rs.10,80,000/- In His Savings Bank Account Maintained With Axis Bank. The Ao Called For The Source Of The Same Which The Assessee Could Not File & Sought Adjournment & Ao Completed The Assessment U/S 144 By Making An Addition Of Rs.10.80 Lac. The Ld. Cit(A) Confirmed The Addition Again Due To Non-Appearance & The Matter Reached Before Itat. The Case Was Set Aside By The Itat By Its Order No.5872/Del/2013 Dated 18Th May, 2016 & Remitted The Matter To The File Of Ao For Deciding The Issue Afresh, As Per Law, After Allowing A Reasonable Opportunity Of Being Heard To The Assessee. The Itat Set Aside The Case On The Plea Of The Assessee That The Assessment Order Was Passed U/S 144 Of The Act, Without Granting Adequate Opportunity To The Assessee To Present His Case & Same Position Prevailed In So Far As The Appellate Proceedings Are Concerned.

For Appellant: Shri Sujeet Kumar Mishra, AssesseeFor Respondent: Shri Om Prakash, Sr.DR
Section 131Section 142(1)Section 143(2)Section 144

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : SMC-1 : NEW DELHI (Through Virtual Hearing) BEFORE SHRI R.K. PANDA, ACCOUNTANT

Amrik Singh, Delhi vs. DCIT, Circle- 19(1), New Delhi

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 3230/DEL/2018[2013-14]Status: DisposedITAT Delhi26 Oct 2021AY 2013-14

Bench: Shri R.K. Panda & Shri Kuldip Singhassessment Year: 2013-14 Amrik Singh, Vs Dcit, M/S Sbg & Co., Cas, Circle-19(1), 9 Atta-Ur-Rehman Lane, New Delhi. Civil Lines, New Delhi. Pan : Aaxps2407C (Appellant) (Respondent) Assessee By : Shri S.B. Gupta, Ca Revenue By : Shri Om Prakash, Sr. Dr Date Of Hearing : 26.10.2021 Date Of Pronouncement : 26.10.2021 Order Per R.K. Panda, Am: This Appeal Filed By The Assessee Is Directed Against The Order Dated 20Th February, 2018 Of The Cit(A)-7, New Delhi, Relating To The Assessment Year 2013- 14. 2. Facts Of The Case, In Brief, Are That The Assessee Is An Individual & Filed His Return Of Income On 30Th September, 2013 Declaring The Total Income Of Rs.1,16,90,726/-. The Case Was Selected For Scrutiny Under Cass & Statutory Notices U/S 143(2) & 142(1) Of The Act Were Issued On The Assessee Calling For Various Details/Information. However, Despite A Number Of Opportunities Granted By The Ao, There Was No Appearance From The Side Of The Assessee. Therefore, The Ao Proceeded To Complete The Assessment On The Basis Of Material Available On Record. He Noted That The Assessee Has Shown Gross Receipt Of Rs.5,28,74,884/- & Net Profit Was Shown At Rs.1,18,40,726/-. Since The Assessee Did Not File The Requisite Details, The Ao Made Addition Of Rs.1,32,62,315/- Appearing In The Balance Sheet As Unsecured Loan. Similarly, In Absence Of Details Filed For Substantiating The Various Expenses Claimed In The Profit & Loss Account, The Ao Disallowed An Amount Of Rs.11,89,992/- Being 50% Of The Interest Paid For Unsecured Loan Of Rs.23,79,844/-. Similarly, He Also Disallowed 50% Of Expenses On Account Of Other Expenses (Rs.10,71,926/-), Tour & Travel Expenses (Rs.7,70,165/-) & Depreciation (Rs.9,61,370/-) All Totaling To Rs.39,93,453/-. Thus, The Ao Determined The Total Income Of The Assessee At Rs.2,89,46,500/-.

For Appellant: Shri S.B. Gupta, CAFor Respondent: Shri Om Prakash, Sr. DR
Section 143(2)Section 37(1)Section 68

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : A : NEW DELHI BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND SHRI KULDIP

Blooming Diagnostics & Impex Pvt. Ltd., New Delhi vs. ITO, Ward- 5(1), New Delhi

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 4531/DEL/2017[2012-13]Status: DisposedITAT Delhi26 Oct 2021AY 2012-13

Bench: Shri R.K. Panda & Shri Kuldip Singhassessment Year: 2012-13 Blooming Diagnostics & Impex Vs Ito, Pvt. Ltd., Ward-5(1), C/O R.K. Tuli & Associates, Ca, New Delhi. 11/37, Old Rajinder Nagar, New Delhi. Pan : Aaccb9882G (Appellant) (Respondent) Assessee By : Shri Baldev Raj, Ca Revenue By : Shri Om Prakash, Sr. Dr Date Of Hearing : 26.10.2021 Date Of Pronouncement : 26.10.2021 Order Per R.K. Panda, Am: This Appeal Filed By The Assessee Is Directed Against The Ex Parte Order Dated 10Th March, 2017 Of The Cit(A)-2, New Delhi, Relating To The Assessment Year 2012-13. 2. Although A Number Of Grounds Have Been Raised By The Assessee, These All Relate To The Ex Parte Order Of The Cit(A) In Confirming The Various Additions Made By The Ao & Determining The Total Income Of The Assessee At Rs.2,24,13,520/- Against The Returned Income Of The Assessee Of Rs.5,95,800/-. 3. Facts Of The Case, In Brief, Are That The Assessee Is A Private Limited Company Engaged In The Business Of Trading Of Drugs, Medicines & Pathological Items. It Filed Its Return Of Income On 6Th July, 2013 Declaring The Total Income Of Rs.5,95,810/-. The Case Was Selected For Scrutiny Under Cass & Notice U/S 143(2) Of The Act Dated 02.09.2014 Was Issued & Served Upon The Assessee Through Speed Post. A Questionnaire Dated 22Nd October, 2014 U/S 142(1) Of The Act Was Issued & Served Upon The Assessee For Compliance.

For Appellant: Shri Baldev Raj, CAFor Respondent: Shri Om Prakash, Sr. DR
Section 131Section 142(1)Section 143(2)Section 40Section 68

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : A : NEW DELHI BEFORE SHRI R.K. PANDA, ACCOUNTANT MEMBER AND SHRI KULDIP