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7 results for “section 68”+ Section 220clear

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Key Topics

Section 686Addition to Income6Section 693Section 234A3Section 2502Section 1482Section 46A2Section 40A(2)(b)2Section 40A(3)2Cash Deposit

INCOME TAX OFFICER-1, MORENA vs. SHRI AGRASEN LOGISTICS, JOTAI ROAD, PORSA,

In the result, the appeal of the Revenue is dismissed

ITA 108/AGR/2025[2022-23]Status: DisposedITAT Agra24 Jun 2025AY 2022-23
Section 143(2)Section 250Section 68

section 68. Reliance is placed on\nfollowing case laws:\n15.1 The jurisdictional Hon'ble Allahabad High Court in Nanak Chandra Laxman Das v.\nCIT [1982] 9 Taxman 252 (All.) has held that mere confirmation letter from alleged creditor\ncould not be treated as sufficient evidence to prove genuineness of cash credit.\n15.2 Hon'ble Calcutta High Court

VERMA SERVICE STATION,FIROZABAD vs. ACIT, FIROZABAD

In the result, the appeal of the assessee is dismissed

ITA 212/AGR/2018[2009-10]Status: DisposedITAT Agra11 Sept 2019
2
Unexplained Investment2
Unexplained Cash Credit2
AY 2009-10

Bench: Shri Laliet Kumar,And Dr. Mitha Lal Meena

Section 68

Section 68. Those are: (i) identity of the investors; (ii) their creditworthiness/investments: and (ii) genuineness of the transaction. Only when these three ingredients are established prima facie, the department is required to undertake further exercise. 5.6.4 A decision of Hon. ITAT Agra Bench in the case of Smt. Suman Gupta vs. Income-tax Officer, Ward 1, Aligarh

ARJUN TRADING CO. PVT. LTD.,FIROZABAD vs. I.T.O.-5(1), FIROZABAD

In the result, the appeal is allowed

ITA 290/AGR/2016[2003-04]Status: DisposedITAT Agra08 Jun 2018AY 2003-04

Bench: Shri A. D. Jain & Dr. Mitha Lal Meenaarjun Trading Company Private Vs..Ito-5,(1), Ltd. A-4, Ganesh Nagar, Firozabad. Firozabad. Panno.Aadca7230J (Assessee) (Revenue)

Section 234ASection 234BSection 254Section 68

220 Taxman 165(Mag) (Del), wherein it has been held that where notices to five out of nine share applicants returned unserved although other evidences were filed, the addition made u/s 68 is justified. Since the assessee's claim in terms of vital ingredients of section

SH SANJAY BANSAL ,MORENA vs. A.C.I.T (CENTRAL), GWALIOR

In the result, assessee's appeal is dismissed

ITA 31/AGR/2022[2012 - 13]Status: DisposedITAT Agra29 Apr 2025

Bench: learned CIT(Appeals) who has very exhaustively passed the impugned order in 60 pages and considered all the submissions of the assessee in the tabulated form and otherwise, which need not to be repeated again for the sake of brevity. However, learned CIT(Appeals) partly allowed assessee's appeal confirming the addition only to the extent of Rs.71,44,045/- as against addition of Rs.91,06,669/-. 4. Assessee is in appeal before the Tribunal on the following grounds : "1.Because in any view, th

Section 143(3)Section 147Section 148Section 250Section 69

68 to 73 of paper book) and sale bills (page no. 74 to 82 of paper book). On perusal of purchase bills, it has been found that various purchases of grains were made in cash. The appellant vide this office letter date 24.11.2021 was asked to submit the explanation that why such purchases should not be disallowed

SMT. NEETA SHARMA,AGRA vs. A.C.I.T., CIRCLE-2, AGRA

In the result, appeal of the Revenue is dismissed and the appeal of the assessee is partly allowed

ITA 299/AGR/2013[2007-08]Status: DisposedITAT Agra19 Aug 2019AY 2007-08

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meenaassessment Year: 2007-08

Section 234ASection 40A(2)(b)Section 40A(3)Section 46A

section 69 of the income tax Act. 11. The learned AR for the assessee had submitted the written submissions and in the written submission it was submitted by the learned AR that: a. The Stock as per Stock Statement is neither pledged nor in the lock and key of the Bank. b. Balance Sheet as on 31.03.2017, under

A.C.I.T.-2, AGRA vs. SMT. NEETA SHARMA PROP., AGRA

In the result, appeal of the Revenue is dismissed and the appeal of the assessee is partly allowed

ITA 286/AGR/2013[2007-08]Status: DisposedITAT Agra19 Aug 2019AY 2007-08

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meenaassessment Year: 2007-08

Section 234ASection 40A(2)(b)Section 40A(3)Section 46A

section 69 of the income tax Act. 11. The learned AR for the assessee had submitted the written submissions and in the written submission it was submitted by the learned AR that: a. The Stock as per Stock Statement is neither pledged nor in the lock and key of the Bank. b. Balance Sheet as on 31.03.2017, under

M/S ESCO MARUTI BUILDERS PVT. LTD.,,AGRA vs. J.C.I.T., RANGE-4, AGRA

In the result, the appeal is allowed

ITA 280/AGR/2016[2011-12]Status: DisposedITAT Agra02 Apr 2018AY 2011-12

Bench: Shri A. D. Jain & Dr. Mitha Lal Meena

Section 133ASection 68

section 133A of the Act was conducted at its business premises on 15.03.2011, wherein, the survey party had found and impounded certain incriminating documents. One such impounded document is marked as Annexure- 4, which is a ledger, and as per details recorded therein, it was found that the assessee had received cash advances amounting to Rs.8