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14 results for “house property”+ Demonetizationclear

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Key Topics

Section 26324Section 143(3)13Section 69A11Addition to Income9Section 2508Cash Deposit8Section 1397Section 153A6Section 1326

SHRI ADARSH KUMAR NAGPAL,ABOHAR vs. INCOME TAX OFFICER WARD-2 (3), ABOHAR

The appeal of the assessee is disposed of in the terms indicated as above

ITA 147/ASR/2022[2017-18]Status: DisposedITAT Amritsar24 May 2023AY 2017-18

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

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

demonetization period relates to his brother namely Sudhir Nagpal and should not be considered as cash deposits made by Appellant. In support the Appellant has filed confirmation from his brother namely Sudhir Nagpal (PAN: ABIPN8138R) stating that cash deposit of Rs.1,95.000/- was made by him out of his own funds and these deposits do not relate to Appellant. This

SMT HARNEET KAUR JUNEJA,JALANDHAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, appeal of the assessees in ITA Nos

Search & Seizure6
Section 142(1)4
Demonetization4
ITA 66/ASR/2022[2017-18]Status: DisposedITAT Amritsar22 Mar 2023AY 2017-18

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

For Appellant: Sh. Surinder Mahajan, CAFor Respondent: Smt. Balwinder Kaur, CIT-DR
Section 115BSection 143Section 143(3)Section 147Section 148Section 263Section 68

house property. (v) The assessee deposited cash of Rs 20,00,000/- during demonetization period and was thus obliged to explain

SHRI MANMOHAN SINGH KAPUR,HOSHIARPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, JALANDHAR

In the result, appeal of the assessees in ITA Nos

ITA 68/ASR/2022[2017-18]Status: DisposedITAT Amritsar22 Mar 2023AY 2017-18

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

For Appellant: Sh. Surinder Mahajan, CAFor Respondent: Smt. Balwinder Kaur, CIT-DR
Section 115BSection 143Section 143(3)Section 147Section 148Section 263Section 68

house property. (v) The assessee deposited cash of Rs 20,00,000/- during demonetization period and was thus obliged to explain

SHRI SUKHJIT SINGH,HOSHIARPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, JALANDHAR

In the result, appeal of the assessees in ITA Nos

ITA 67/ASR/2022[2012-13]Status: DisposedITAT Amritsar22 Mar 2023AY 2012-13

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

For Appellant: Sh. Surinder Mahajan, CAFor Respondent: Smt. Balwinder Kaur, CIT-DR
Section 115BSection 143Section 143(3)Section 147Section 148Section 263Section 68

house property. (v) The assessee deposited cash of Rs 20,00,000/- during demonetization period and was thus obliged to explain

LATE SHRI PARVEEN KOCHHAR LEAGAL HEIR KAMINI CHOUDHARY ,AMRITSAR vs. INCOME TAX OFFICER WARD -5 (4), AMRITSAR

In the result, appeal of the assessee bearing ITA 187/Asr/2021 is allowed

ITA 187/ASR/2021[2017-18]Status: DisposedITAT Amritsar15 Sept 2022AY 2017-18

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

Section 142(1)Section 143(2)Section 143(3)Section 250(6)

demonetization period from the withdrawal made by her form HDFC saving account from Chheharta branch as detailed below: Sr. Date of withdrawal Amount of No. withdrawal 1. 30.08.2016 Cheque No.6 Rs.15,00,000/- 2. 30.08.2016 Cheque No.7 Rs.15,00,000/- Total Rs.30,00,000/- 5.2 Mr. Kapoorargued that the assessee had the income from house property

LEELA GUPTA ,JALANDHAR vs. PRINCIPAL COMISSIONER OF INCOME TAX-1, JALANDHAR

In the result, the appeal of the assessee bearing I

ITA 75/ASR/2022[2017-18]Status: DisposedITAT Amritsar15 Sept 2022AY 2017-18

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

Section 142(1)Section 143(2)Section 143(3)Section 263

demonetization period as compared to returned income''. Accordingly, statuary notices u/s 143(2)/142(1) were issued, served and complied with, electronically on the ITBA portal. During the year, the main source of income of assessee is income from house property

SHRI MOHD MANZOOR,RAJOURI vs. INCOME TAX OFFICER WARD -2 (3), JAMMU

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

ITA 166/ASR/2022[2017-18]Status: HeardITAT Amritsar21 Sept 2023AY 2017-18

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

Section 144Section 250oSection 28Section 44ASection 69A

demonetization period)- This will result in the assessee’s business income/profit to be recomputed at Rs 752402/- u/s 28 of the Income Tax Act, 1961. Since this business income was not offered to tax, no return of income was filed and the business income assessed is greater than the maximum amount not chargeable to tax, penalty proceedings u/s 270A

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR vs. SHRI BHAVNOOR SINGH BEDI, JALANDHAR

In the result, the appeal of the revenue, ITA No 90/Asr/2020 is dismissed

ITA 87/ASR/2020[2016-17]Status: DisposedITAT Amritsar11 Apr 2023AY 2016-17

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

Section 132Section 139Section 153ASection 250Section 69A

house for which the surrender has been made and the minor expenses are related to the college. The AO observed that however, it is clearly mentioned in the updated account on page no. 170 that only a sum of Rs. 81,301/- of Bill no. 3 is for residence. Hence the remaining amount of Rs. 38,07,065/- was held

SHRI BHAVNOOR SINGH BEDI,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2, JALANDHAR

In the result, the appeal of the revenue, ITA No 90/Asr/2020 is dismissed

ITA 53/ASR/2020[2016-17]Status: DisposedITAT Amritsar11 Apr 2023AY 2016-17

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

Section 132Section 139Section 153ASection 250Section 69A

house for which the surrender has been made and the minor expenses are related to the college. The AO observed that however, it is clearly mentioned in the updated account on page no. 170 that only a sum of Rs. 81,301/- of Bill no. 3 is for residence. Hence the remaining amount of Rs. 38,07,065/- was held

SHRI BHAVNOOR SINGH BEDI,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2, JALANDHAR

In the result, the appeal of the revenue, ITA No 90/Asr/2020 is dismissed

ITA 51/ASR/2020[2014-15]Status: DisposedITAT Amritsar11 Apr 2023AY 2014-15

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

Section 132Section 139Section 153ASection 250Section 69A

house for which the surrender has been made and the minor expenses are related to the college. The AO observed that however, it is clearly mentioned in the updated account on page no. 170 that only a sum of Rs. 81,301/- of Bill no. 3 is for residence. Hence the remaining amount of Rs. 38,07,065/- was held

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR vs. SHRI JATINDER SINGH BEDI , JALANDHAR

In the result, the appeal of the revenue, ITA No 90/Asr/2020 is dismissed

ITA 90/ASR/2020[2017-18]Status: DisposedITAT Amritsar11 Apr 2023AY 2017-18

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

Section 132Section 139Section 153ASection 250Section 69A

house for which the surrender has been made and the minor expenses are related to the college. The AO observed that however, it is clearly mentioned in the updated account on page no. 170 that only a sum of Rs. 81,301/- of Bill no. 3 is for residence. Hence the remaining amount of Rs. 38,07,065/- was held

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR vs. SHRI BHAVNOOR SINGH BEDI, JALANDHAR

In the result, the appeal of the revenue, ITA No 90/Asr/2020 is dismissed

ITA 88/ASR/2020[2017-18]Status: DisposedITAT Amritsar11 Apr 2023AY 2017-18

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

Section 132Section 139Section 153ASection 250Section 69A

house for which the surrender has been made and the minor expenses are related to the college. The AO observed that however, it is clearly mentioned in the updated account on page no. 170 that only a sum of Rs. 81,301/- of Bill no. 3 is for residence. Hence the remaining amount of Rs. 38,07,065/- was held

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR vs. SHRI JATINDER SINGH BEDI, JALANDHAR

In the result, the appeal of the revenue, ITA No 90/Asr/2020 is dismissed

ITA 89/ASR/2020[2016-17]Status: DisposedITAT Amritsar11 Apr 2023AY 2016-17

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

Section 132Section 139Section 153ASection 250Section 69A

house for which the surrender has been made and the minor expenses are related to the college. The AO observed that however, it is clearly mentioned in the updated account on page no. 170 that only a sum of Rs. 81,301/- of Bill no. 3 is for residence. Hence the remaining amount of Rs. 38,07,065/- was held

SMT. GAURI CHHABRA W/O SH, ASHOK KUMAR,MUKTSAR vs. INCOME TAX OFFICER WARD - (5), MUKTSAR

In the result, appeal of the assessee in ITA No

ITA 176/ASR/2022[2017-18]Status: DisposedITAT Amritsar17 Feb 2023AY 2017-18

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

For Appellant: Sh. Sudhir SehgalFor Respondent: Mrs. Kanchan Garg, Sr. DR
Section 139Section 142(1)Section 143(3)Section 250Section 69A

property, marriage of any member of family etc. The copy of the undertaking is placed in the APB at page no.24. 3.1. The AR further argued that the ld. AO issued another questionnaire wherein, the ld. AO inquired about the previous cash withdrawals