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414 results for “section 68”+ Section 144clear

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Key Topics

Section 6887Section 14786Addition to Income81Section 14473Section 14867Cash Deposit30Section 69A28Section 143(3)25Section 14A25Reopening of Assessment

ACIT, CENTRAL CIRCLE-2, VADODARA, VADODARA vs. HK ISPAT PVT LTD, GODHRA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

ITA 1278/AHD/2025[2021-22]Status: DisposedITAT Ahmedabad18 Mar 2026AY 2021-22

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

Section 250Section 68

Section 69C of the Act, treating it as unexplained expenditure. 10.3 On appeal, the Ld. CIT(A) upheld the AO's finding that the suppliers were non-genuine but disagreed with the 100% disallowance. Relying on jurisdictional precedents, the Ld. CIT(A) restricted the addition to 6% of the purchase value, concluding that in cases where sales

H K ISPAT PVT. LTD.,PANCHMAHAL vs. THE DY.CIT, CENTRAL CIRCLE-2, VADODARA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

ITA 1392/AHD/2025[2021-22]Status: DisposedITAT Ahmedabad

Showing 1–20 of 414 · Page 1 of 21

...
24
Unexplained Cash Credit22
Section 142(1)21
18 Mar 2026
AY 2021-22

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

Section 250Section 68

Section 69C of the Act, treating it as unexplained expenditure. 10.3 On appeal, the Ld. CIT(A) upheld the AO's finding that the suppliers were non-genuine but disagreed with the 100% disallowance. Relying on jurisdictional precedents, the Ld. CIT(A) restricted the addition to 6% of the purchase value, concluding that in cases where sales

ACIT, CENTRAL CIRCLE-2, VADODARA, VADODARA vs. HK ISPAT PVT LTD, GODHRA

In the result, all the appeals filed by the Revenue for AYs 2014–15 to 2021–

ITA 1277/AHD/2025[2014-15]Status: DisposedITAT Ahmedabad18 Mar 2026AY 2014-15

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra R. Kamblesn

Section 250Section 68

Section 69C of the Act, treating it as unexplained expenditure. 10.3 On appeal, the Ld. CIT(A) upheld the AO's finding that the suppliers were non-genuine but disagreed with the 100% disallowance. Relying on jurisdictional precedents, the Ld. CIT(A) restricted the addition to 6% of the purchase value, concluding that in cases where sales

HARISHKUMAR KHUSHALRAY BHATT,AHMEDABAD vs. THE ITO, WARD-3(3)(2) NOW WARD-3(3)(1), AHMEDABAD

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

ITA 2042/AHD/2024[2017-18]Status: DisposedITAT Ahmedabad15 Jul 2025AY 2017-18

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarasstt.Year : 2017-18 Harishkumar Khushalray Bhatt Ito, Ward-3(3)(2) P/1, Chandragupta Apartment Vs. Ahmedabad. Nr. Gordhandas Patel Hospital Vastrapur Ahmedabad. Pan : Abspb 3786 F (Applicant) (Responent) Assessee By : Shri Pritesh L. Shah, Ar : Shri Uday Kishanrao Kakne, Sr.Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 07/07/2025 घोषणा क" तारीख /Date Of Pronouncement: 15/07/2025 आदेश/O R D E R आदेश आदेश आदेश

For Appellant: Shri Pritesh L. Shah, AR
Section 143(3)Section 144Section 250Section 68Section 69ASection 80G

68 of the Act and made an addition accordingly. 7. The assessee filed an appeal against the assessment order passed under section 144

THE ACIT, CIRCLE-2(1)(1), AHMEDABAD vs. MAYORA INDIA PRIVATE LIMITED (FORMERLY KNOWN AS "INBISCO INDIA PVT. LTD.), AHMEDABAD

In the result, the appeals of the Department are dismissed

ITA 418/AHD/2023[2017-18]Status: DisposedITAT Ahmedabad16 Dec 2024AY 2017-18

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Tushar Hemani, Sr. Adv. & ShriFor Respondent: Shri R. N. Dsouza, CIT D.R
Section 68

Section 68 of the Act, its source for investing is not required to be mandatory proved to the satisfaction of the Assessing Officer. Therefore, insisting on the particulars of the loan creditors of the non-resident share holder is contrary to the law. In the case of ACIT Vs. Kansur Developers India Pvt .Ltd., the ITAT Bengaluru

THE ACIT, CIRCLE-2(1)(1), AHMEDABAD vs. MAYORA INDIA PRIVATE LIMITED (FORMERLY KNOWN AS , AHMEDABAD

In the result, the appeals of the Department are dismissed

ITA 419/AHD/2023[2018-19]Status: DisposedITAT Ahmedabad16 Dec 2024AY 2018-19

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Tushar Hemani, Sr. Adv. & ShriFor Respondent: Shri R. N. Dsouza, CIT D.R
Section 68

Section 68 of the Act, its source for investing is not required to be mandatory proved to the satisfaction of the Assessing Officer. Therefore, insisting on the particulars of the loan creditors of the non-resident share holder is contrary to the law. In the case of ACIT Vs. Kansur Developers India Pvt .Ltd., the ITAT Bengaluru

SHRI SANDIP BHARATBHAI VADODARIYA,BHAVANAGAR vs. THE DCIT CIRCLE-2, BHAVNAGAR

In the result, the appeal filed by the assessee is partly allowed

ITA 1144/AHD/2019[2011-12]Status: DisposedITAT Ahmedabad20 May 2022AY 2011-12

Bench: Shri Waseem Ahmed & Shri Siddharatha Nautiyalआयकर अपील सं./Ita No. 1144/Ahd/2019 िनधा"रण वष"/Asstt. Year: 2011-2012 Shri Sandip Bharatbhai Vadodariya, D.C.I.T., Jawaharnagar, Paliyad Road, Vs. Circle-2, Botad, Bhavnagar. Bhavnagar.

For Appellant: Shri Vipul Khandhar, A.RFor Respondent: Shri R.R. Makwana, Sr.D.R
Section 115BSection 144Section 147Section 154Section 68Section 69Section 69ASection 69BSection 69CSection 69D

144 of the Act. A.Y. 2011-12 3 5. On appeal to the learned CIT-A, the order passed by the AO under section 154 of the Act was confirmed. 6. Being aggrieved by the order of the learned CIT-A, the assessee is in appeal before us. 7. The learned AR before us has not challenged the addition

JATINKUMAR PATEL,CHHATRAL KALOL vs. INCOME TAX OFFICE, WARD 1, MEHSANA, MEHSANA

The appeal is allowed for statistical purposes in the above terms

ITA 1907/AHD/2025[2014-15]Status: DisposedITAT Ahmedabad13 Feb 2026AY 2014-15

Bench: Dr. B.R.R Kumar & Shri Siddhartha Nautiyal

For Appellant: Respondent by: Shri Rignesh Das, CIT- D.RFor Respondent: Shri Rignesh Das, CIT- D.R
Section 133(6)Section 142(1)Section 144Section 147Section 148Section 263

sections 144 read with 263 and 144B and treated the entire sum of Rs.169,75,68,149/- as unexplained

RAVIKUMAR KAMLESHBHAI SHAH,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD -5(2)(1), AHMEDABAD

In the result, the appeal of the assessee is allowed

ITA 497/AHD/2023[2017-18]Status: DisposedITAT Ahmedabad03 Apr 2024AY 2017-18

Bench: SHRI WASEEM AHMED (Accountant Member), MS. MADHUMITA ROY (Judicial Member)

For Appellant: Shri M. S. Chhajed, A.RFor Respondent: Shri C. Dharninath V. S., Sr. D.R
Section 115BSection 133(6)Section 145Section 68

144 of the Act after rejecting the accounts under the provisions of section 145(3) of the Act. When the books are rejected, a lump sum addition is made to the original return of income. Such addition may be based on estimate of turnover and profit rate or disallowance of claims, expenditure, etc. as held

NARAVATSINH JAGATSINH CHAUHAN,MEHSANA vs. I.T.O. WARD 1, PATAN

In the result, all three appeals filed by the assessee are allowed for statistical purposes

ITA 1253/AHD/2024[2015-16]Status: DisposedITAT Ahmedabad09 May 2025AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Makarand V.Mahadeokar

For Respondent: Dr. Sanjay Kumar Lal, CIT-Dr and Ms.Trupti Patel, Sr.DR
Section 147Section 148Section 271(1)(c)Section 68

Section under which AO passed 147 r.w.s. 144 147 r.w.s. 144 271(1)(c) the order Addition/Penalty Rs.14,01,00,425 Rs.2,32,40,022 Rs.80,42,907 Confirmed (u/s 68

NARAVATSINH JAGATSINH CHAUHAN,MEHSANA vs. I.T.O. WARD 1, PATAN

In the result, all three appeals filed by the assessee are allowed for statistical purposes

ITA 1255/AHD/2024[2016-17]Status: DisposedITAT Ahmedabad09 May 2025AY 2016-17

Bench: Shri Siddhartha Nautiyal & Shri Makarand V.Mahadeokar

For Respondent: Dr. Sanjay Kumar Lal, CIT-Dr and Ms.Trupti Patel, Sr.DR
Section 147Section 148Section 271(1)(c)Section 68

Section under which AO passed 147 r.w.s. 144 147 r.w.s. 144 271(1)(c) the order Addition/Penalty Rs.14,01,00,425 Rs.2,32,40,022 Rs.80,42,907 Confirmed (u/s 68

NARAVATSINH JAGATSINH CHAUHAN,MEHSANA vs. I.T.O. WARD 1, PATAN

In the result, all three appeals filed by the assessee are allowed for statistical purposes

ITA 1254/AHD/2024[2016-17]Status: DisposedITAT Ahmedabad09 May 2025AY 2016-17

Bench: Shri Siddhartha Nautiyal & Shri Makarand V.Mahadeokar

For Respondent: Dr. Sanjay Kumar Lal, CIT-Dr and Ms.Trupti Patel, Sr.DR
Section 147Section 148Section 271(1)(c)Section 68

Section under which AO passed 147 r.w.s. 144 147 r.w.s. 144 271(1)(c) the order Addition/Penalty Rs.14,01,00,425 Rs.2,32,40,022 Rs.80,42,907 Confirmed (u/s 68

THE ACIT, CIRCLE-5, AHMEDABAD vs. M/S. RAJESH MALLEABLES LTD.,, AHMEDABAD

In the result, the appeal of the Revenue is partly allowed

ITA 802/AHD/2016[2003-04]Status: DisposedITAT Ahmedabad20 Jan 2020AY 2003-04

Bench: Shri Mahavir Prasad & Shri Waseem Ahmed

For Appellant: Shri L.P. Jain, Sr.DRFor Respondent: Shri Anil Kshatriya
Section 36(1)(iii)Section 68

68.” DCIT vs. Rajesh Malleables Ltd. Asst.Year - 2003-04 7.13. Thus, in the present facts and circumstances, all informations were available about the loans but AO did not make further inquiry. If he has any doubt on unsecured loan of all above mention parties, the AO could have conducted necessary enquiries. But the AO failed to do so. However assessee

THE ITO, WARD-7(2)(2), AHMEDABAD vs. EAM FRUITS LLP, AHMEDABAD

In the result appeal of the Revenue is hereby dismissed

ITA 1835/AHD/2019[2016-17]Status: DisposedITAT Ahmedabad31 May 2022AY 2016-17

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No.1835/Ahd/2019 िनधा"रण वष"/Asstt. Year:2016-2017 I.T.O, Eam Fruits Llp, Ward-7(2)(2), Vs. 23, New Fruit Market, Ahmedabad. Naroda Road, Naroda, Ahmedabad-380025. Pan: Aadfe6711B

For Appellant: Shri Biren Shah, A.RFor Respondent: Shri Sudhendu Das, Sr. D.R
Section 142(1)Section 143(2)Section 144Section 68

68 of the I.T. Act, 1961 amounting to Rs.78,50,469/- though the assessee was not able to prove the genuineness of these transactions. 3. The Ld. CIT(A) erred in law and on facts in deleting the addition made on account of unexplained Unsecured loan of Rs.47,50,000/- though the assessee was not able to establish the identity

AKAR LAMINATORS LIMITED,AHMEDABAD vs. THE ITO, WARD-1(1)(1) (ASTT. ORDER PASSSING AUTHORITY) DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1)(1) (CURRENT JURISDICTION), AHMEDABAD, AHMEDABAD

In the result, the appeal filed by the assessee is allowed

ITA 717/AHD/2023[2017-18]Status: DisposedITAT Ahmedabad17 May 2024AY 2017-18

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Shri Sunil Talati, A.RFor Respondent: Shri H. Phani Raju, CIT D.R. & Ms. Saumya Pandey
Section 144Section 148Section 68

68 of the Act. 4. The facts in brief are that the assessee in the present case, a public company, is engaged in the business of manufacturing, trading, and job work of flexible packing materials. The assessee for the year under consideration was selected under scrutiny assessment under CASS and the assessment under section 144

AKAR LAMINATORS LIMITED,AHMEDABAD vs. THE ITO, WARD-1(1)(1) (ASSTT. ORDER PASSING AUTHORITY) DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1)(1) (CURRENT JURISDICTION), AHMEDABAD, AHMEDABAD

In the result, the appeal filed by the assessee is allowed

ITA 716/AHD/2023[2012-13]Status: DisposedITAT Ahmedabad17 May 2024AY 2012-13

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Shri Sunil Talati, A.RFor Respondent: Shri H. Phani Raju, CIT D.R. & Ms. Saumya Pandey
Section 144Section 148Section 68

68 of the Act. 4. The facts in brief are that the assessee in the present case, a public company, is engaged in the business of manufacturing, trading, and job work of flexible packing materials. The assessee for the year under consideration was selected under scrutiny assessment under CASS and the assessment under section 144

DCIT CIRCLE-3(3), AHMEDABAD vs. SHRI ALPESHKUMAR C.PATEL, AHMEDABAD

In the result, the appeal of the assessee is partly allowed

ITA 1991/AHD/2018[2011-12]Status: DisposedITAT Ahmedabad09 Sept 2022AY 2011-12

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumarआयकर अपील सं./Ita No. 1908/Ahd/2018 िनधा"रण वष"/Asstt. Year: 2011-2012 Alpeshkumar C. Patel, A.C.I.T., 503, Milestone Building, Vs. Circle-3(3), Drive In Road, Ahmedabad. Thaltej, Ahmedabad-380052. Pan: Aeapp9489G

For Appellant: Shri Deepak R. Shah, A.RFor Respondent: Shri Ajay Pratap Singh CIT. D.R with Shri V.K. Singh, Sr.D.R
Section 41(1)Section 54F

144 of the Act after rejecting the accounts under the provisions of section 145(3) of the Act. When the books are rejected, a lump sum addition is made to the original return of income. Such addition may be based on estimate of turnover and profit rate or disallowance of claims, expenditure, etc. as held

M/S. DESCHEM TECHNOLOGICAL RESOURCES PRIVATE LIMITED,,BARODA vs. THE INCOME TAX OFFICER, WARD-1(2),, BARODA

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

ITA 1551/AHD/2016[2005-06]Status: DisposedITAT Ahmedabad20 Jan 2020AY 2005-06

Bench: Shri Rajpal Yadav & Shri Waseem Ahmedआयकर अपील सं./Ita No. 1551/Ahd/2016 "नधा"रण वष"/Asstt. Year: 2005-2006 M/S Deschem Technologies Resources I.T.O., Pvt. Ltd., Vs. Ward-1(2), 106 To 108, Baroda. Shreeji Avenue, Opp. New India Mill, Jetapur Road, Baroda-390035. Pan: Aabcd7163P

For Appellant: Shri Tushar Hemani, with Shri P.B. Parmar A.RsFor Respondent: Shri L.P. Jain, Sr.D.R
Section 10BSection 68

68 of the Act. At the assessment stage, the matter was handled by Mr. Nitin Parmar, Income Tax Practitioner, and the assessee was under a bona fide belief that the necessary details, as required by the AO, were submitted from time to time. However, when the assessment order under section Asstt. Year 2005-06 6 144

IRM PRIVATE LIMITED,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1), AHMEDABAD

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

ITA 1590/AHD/2024[2011-12]Status: DisposedITAT Ahmedabad10 Jun 2025AY 2011-12

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No. 1590/Ahd/2024 िनधा"रण वष" /Assessment Year : 2011-12 Irm Private Limited, The Deputy Commissioner Irm House, बनाम/ Of Income Tax, V/S. Off. C.G Raod, Circle 2(1)(1), Navrangpura, Ahmedabad. Ahmedabad-380009. "थायी लेखा सं./Pan: Aaaci3678M अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Bandish Soparkar, Ar Revenue By : Shri Abhijit, Sr-Dr

For Appellant: Shri Bandish Soparkar, ARFor Respondent: Shri Abhijit, SR-DR
Section 133(6)Section 142(1)Section 143(2)Section 143(3)Section 144Section 147Section 148Section 14ASection 194HSection 194J

144 read with section 147 of the Act, based on the material available on record. In the reassessment order dated 29.11.2018, the AO made the following additions to the returned income: IRM Pvt. Ltd. vs. DCIT A.Y 2011-12 4 (i) Rs. 50,46,979/- under section 56 as income from other sources, being receipts of professional fees

THE DCIT, CIRCLE-8,, AHMEDABAD vs. SHIVAM WATER TREATERS PVT. LTD.,, AHMEDABAD

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

ITA 1447/AHD/2014[2009-10]Status: DisposedITAT Ahmedabad06 May 2022AY 2009-10

Bench: Shri Waseem Ahmed & Shri T.R. Senthil Kumar

For Appellant: Revenue by Shri Vijaykumar Jaiswal, CIT DR with Shri Urjit Shah, A.R
Section 40ASection 68

144, that is, after taking into account all relevant materials which he has gathered. Further, section 145(1) is an enabling provision. It is intended to enable the Assessing Officer to make the correct assessment which is the paramount object. It is not intended to confer any right or benefit upon an erring assessee. Thus, this section