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5 results for “disallowance”+ Section 747clear

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Key Topics

Section 143(1)9Section 36(1)(va)6Section 2(24)(x)6Section 139(1)6Addition to Income5Disallowance4Section 69A3Section 43B3Deduction3

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE- 3, SRINAGAR vs. MEASAGE SAIFCO CEEMENTS PRIVATE LIMITED, SRINAGAR

In the result, the appeal of the Department and CO of the Assesse is 23

ITA 451/ASR/2019[2013-14]Status: DisposedITAT Amritsar23 Aug 2023AY 2013-14

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: NoneFor Respondent: Sh. Rajiv Wadhera, Sr. DR
Section 143(3)Section 36Section 36(1)(iii)

747/- received from distributors of the company against future sales 4. Interest free security deposit from distributors 92,92,500/- 5. Interest free unsecured loans from relatives and 23,00,702/- friends Total 44,33,52,259/- The assessee company further submitted that the average advances to the sister concern for the year works

KHALSA BAKERY ,KAPUTHALA vs. INCOME TAX OFFICER WARD -4 (2), JALANDHAR

Section 143(3)2

In the result, the disallowances confirmed by the NFAC/CIT(A) related to ITA No

ITA 20/ASR/2022[2019-20]Status: DisposedITAT Amritsar24 Feb 2022AY 2019-20

Bench: Sh. N. K. Saini & Sh. Anikesh Banerjee

For Appellant: Sh. P. N. Arora (Adv.)For Respondent: Sh. S. M. Surendranath, Sr. DR
Section 139(1)Section 143(1)Section 2(24)(x)Section 36(1)(va)Section 43B

Section 36(1 )(va) inserted by Finance Act, 2021. Therefore, the case laws relied by the appellant are not applicable to the facts and circumstance of the case. 4.5 Accordingly, the Ground of Appeal No.1 and 2 of the appellant is dismissed and the addition of Rs. 3,21,747/- is confirmed. 4.6 In the result, the appeal is dismissed

M/S DIAMOND RED TANNERIES,KAPURTHALA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR

In the result, the disallowances confirmed by the NFAC/CIT(A) related to ITA No

ITA 21/ASR/2022[2019-20]Status: DisposedITAT Amritsar24 Feb 2022AY 2019-20

Bench: Sh. N. K. Saini & Sh. Anikesh Banerjee

For Appellant: Sh. P. N. Arora (Adv.)For Respondent: Sh. S. M. Surendranath, Sr. DR
Section 139(1)Section 143(1)Section 2(24)(x)Section 36(1)(va)Section 43B

Section 36(1 )(va) inserted by Finance Act, 2021. Therefore, the case laws relied by the appellant are not applicable to the facts and circumstance of the case. 4.5 Accordingly, the Ground of Appeal No.1 and 2 of the appellant is dismissed and the addition of Rs. 3,21,747/- is confirmed. 4.6 In the result, the appeal is dismissed

J.M.C PLYWOOD,GORAYA vs. INCOME TAX OFFICER WARD-3, PHAGWARA

In the result, the disallowances confirmed by the NFAC/CIT(A) related to ITA No

ITA 4/ASR/2022[2018-19]Status: DisposedITAT Amritsar24 Feb 2022AY 2018-19

Bench: Sh. N. K. Saini & Sh. Anikesh Banerjee

For Appellant: Sh. P. N. Arora (Adv.)For Respondent: Sh. S. M. Surendranath, Sr. DR
Section 139(1)Section 143(1)Section 2(24)(x)Section 36(1)(va)Section 43B

Section 36(1 )(va) inserted by Finance Act, 2021. Therefore, the case laws relied by the appellant are not applicable to the facts and circumstance of the case. 4.5 Accordingly, the Ground of Appeal No.1 and 2 of the appellant is dismissed and the addition of Rs. 3,21,747/- is confirmed. 4.6 In the result, the appeal is dismissed

SH. AMITESHWAR SINGH SIDHU,MOGA vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, BATHINDA

In the result, the appeal of the assessee bearing ITA No

ITA 167/ASR/2022[2017-2018]Status: DisposedITAT Amritsar30 May 2023AY 2017-2018

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 142(1)Section 143(3)Section 250Section 69Section 69A

Section 69 A of the Act, 1961 treating it as deemed Income Rs. 28,40,000/-. c. Addition deleted by the Ld. CIT (A) Rs. 20,92,359/-. d. Addition confirmed by the Ld. CIT(A) (b-c) Rs. 7,47,641/-. 2. Because, the following observation of the Ld CIT (A) in the order are perverse, arbitrary, baseless