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4 results for “section 68”+ Section 54Bclear

Sorted by relevance

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Key Topics

Section 54B8Section 1446Section 271(1)(c)4Section 2634Addition to Income4Section 2503Section 1473Section 1483Section 143(3)2Long Term Capital Gains

AJIT SINGH,SHIVPURI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, GWALIOR

In the result, assessee’s appeal ITA No 263/Agr/2025 is allowed

ITA 263/AGR/2025[2010-11]Status: DisposedITAT Agra17 Apr 2026AY 2010-11
Section 143(3)Section 147Section 148Section 263Section 69A

54B deals with capital gains, the very nature of the receipt as an advance for agricultural land sale places it outside the purview of taxable income in the hands of the Appellant, especially when the land belongs to his sons. 5.3 The PCIT's direction to the AO to potentially add this sum as unexplained money under Section 68

MARSHAL SECURITY SERVICES,AGRA vs. ASSISTANT COMMISSIONER OF INCOME TAX, AGRA

In the result, the appeal is allowed

2
Deduction2
Penalty2
ITA 131/AGR/2025[2016-17]Status: DisposedITAT Agra28 Oct 2025AY 2016-17
Section 143(1)Section 143(2)Section 144Section 250

section 68 of the Act. AO converted limited\nscrutiny to complete scrutiny on 14.12.2017 and framed order on 28.12.2017.\nContention of the Assessee: Assessee submitted that AO enquired on\nunsecured loans prior to 14.12.2017, whereas he got approval on 14.12.2017\nand it is against the provision of the ACT.\nHeld:That the assessing officer has exceeded his jurisdiction

BHAGVAN DAS L/H SHRI GAURI SHANKER,FIROZABAD vs. ITO WARD 2(2)(1), FIROZABAD

In the result, both the appeals are allowed for statistical purposes

ITA 259/AGR/2025[2012-2013]Status: DisposedITAT Agra30 Oct 2025AY 2012-2013

Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singh

Section 144Section 147Section 148Section 250Section 271(1)(c)Section 54B

68,000/-, in which assessee had 1/5th share, i.e., Rs.13,61,600/-. Letters were issued to the assessee for filing return of income, but the assessee neither filed any return nor submitted any reply. Case was reopened u/s. 147 of the Act by issuing notice u/s. 148 of the Act, which too remained un-responded. Statutory notices were also issued

BHAGVAN DAS L/H SHRI GAURI SHANKER,FIROZABAD vs. ITO WARD 2(2)1, FIROZABAD

In the result, both the appeals are allowed for statistical purposes

ITA 260/AGR/2025[2012-2013]Status: DisposedITAT Agra30 Oct 2025AY 2012-2013

Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singh

Section 144Section 147Section 148Section 250Section 271(1)(c)Section 54B

68,000/-, in which assessee had 1/5th share, i.e., Rs.13,61,600/-. Letters were issued to the assessee for filing return of income, but the assessee neither filed any return nor submitted any reply. Case was reopened u/s. 147 of the Act by issuing notice u/s. 148 of the Act, which too remained un-responded. Statutory notices were also issued