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7 results for “section 68”+ Section 129(3)clear

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Key Topics

Section 14815Section 1448Section 143(3)8Addition to Income6Section 143(2)5Section 2635Section 684Section 41(1)3Section 133(6)3Cash Deposit

INCOME TAX OFFICER, WARD 2(2), JAMMU vs. SH. NEERAJ AGGARWAL , JAMMU

In the result, the Revenue’s appeal is allowed for statistical purposes

ITA 349/ASR/2017[2010-11]Status: DisposedITAT Amritsar06 Aug 2018AY 2010-11

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 349/(Asr)/2017 Assessment Year: 2010-11

For Appellant: Sh. Alok Kumar, CIT-DRFor Respondent: Sh. S. Krishnan (Adv.)
Section 143(2)Section 143(3)Section 144Section 145(3)Section 80

129 of his order. Without doubt, there can be, as observed earlier, no rejection of accounts without examining the same, including the vouchers on which they are based, also called for per the show cause afore-referred. Concomitantly, and correspondingly, there can be no acceptance thereof (accounts) either. This is particularly so, as in the present case, when the same

3
Reopening of Assessment3
Reassessment2

SHRI RAJAN SHARMA C/O MEEK ENTERPRISES ,PHAGWARA vs. INCOME TAX OFFICER, PHAGWARA

In the result, appeal of the assessee is allowed

ITA 53/ASR/2023[2014-15]Status: DisposedITAT Amritsar17 Jul 2023AY 2014-15

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

Section 129Section 133(6)Section 143(2)Section 143(3)Section 250rSection 41(1)Section 68

3. Brief fact of the case is that during the assessment proceeding, the addition made u/s 68 r.w.s. 41(1) of the Act on unverified sundry creditors of the assessee. The assessee was carrying the balance of sundry creditors for A.Y. 2012-13. During proceeding, the notice u/s 133(6) was issued for verification of sundry creditors

SH. KULDEEP SINGH,AMRITSAR vs. INCOME TAX OFFICER, WARD - 5(3), AMRITSAR

In the result, the appeal of the assessee is allowed

ITA 579/ASR/2017[2009-10]Status: DisposedITAT Amritsar30 Dec 2019AY 2009-10

Bench: Shri N.K. Choudhry, Jm & Dr. A.L.Saini, Am आयकरअपीलसं./Ita No. 579/Asr/2017 ("नधा"रणवष" / Assessment Year: 2009-10)

For Appellant: Sh. Inderjit Paul, AdvFor Respondent: Sh. Charan Dass, DR
Section 142(1)Section 143(3)Section 144Section 147Section 148

3. The mere fact that the deposits were made in a bank account does not indicate that these deposits have constituted an income which has escaped assessment. In a recent case of Hon’ble ITAT, Amritsar in ITA no. 129(ASR)/2015, it was held that the reopening u/s 148 done on the basis of AIR information is invalid

SHRI MOHAMMAD ABBAS ASHRAF,SRINAGAR vs. INCOME TAX OFFICER WARD -1, SRINAGAR

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

ITA 207/ASR/2023[2012-13]Status: DisposedITAT Amritsar30 Oct 2023AY 2012-13

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

For Appellant: None (Written submission)For Respondent: Sh. Yashender Garg, Sr. DR
Section 144Section 148Section 44A

3% during the year. He submitted a synopsis which reads as under: “The appellate during the year was engaged in the business of sale and purchase of kashmari handicraft on small scale to earn his livelihood. The Ld. AO made assessment u/s 144 of the Act and made following additions in an arbitrary manner. 1. Addition

SHRI GURBINDER SINGH MAHAL,AMRITSAR vs. INCOME TAX OFFICER WARD-IV ( 2), AMRITSAR

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

ITA 22/ASR/2023[2014-15]Status: DisposedITAT Amritsar24 Apr 2023AY 2014-15

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

Section 144Section 144oSection 250(4)Section 250(6)Section 250o

section 250(4)] through banks instead of disposing off the appeal for non-appearance without adjudicating on merits. 7. The appellant craves leave to add, amend, or alter any of the grounds of appeal.” I.T.A. No.22/Asr/2023 4 Assessment Year: 2014-15 2. The case was called for hearing, first, the ld. DR filed an adjournment petition before the bench

SHRI DHARMENDER NARULA,FEROZEPUR vs. INCOME TAX OFFICER WARD-3(2), FEROZEPUR

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

ITA 512/ASR/2024[2015-16]Status: DisposedITAT Amritsar21 Jul 2025AY 2015-16

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Hybrid Hearing) I.T.A. No. 512/Asr/2024 Assessment Year: 2015-16

Section 143(3)Section 148Section 250Section 44A

3. The brief facts emerging from record are that the assessee is engaged in the business of commission agent from sale of fruits and vegetables and his business is carried out under the proprietorship name of M/s Sai Baba Traders. The assessee has filed his return of income disclosing taxable income at Rs.5,15,770/- as income from commission

SHRIMATI RAVINDER BAWA,JALANDHAR vs. INCOME TAX OFFICER WARD-2(3), JALANDHAR

In the result, the appeal of the assessee is allowed

ITA 703/ASR/2019[2011-12]Status: DisposedITAT Amritsar14 Jul 2021AY 2011-12

Bench: Sh. Laliet Kumar & Dr. M. L. Meena

Section 133(6)Section 143Section 143(3)Section 148Section 263Section 69A

3. Thereafter Appellant received notice dated 29.03.2018 issued u/s 148 of the Act, on 30.03.2018. it may relevant to mention here that reasons for reopening were provided to the assessee vide letter dated 20.3.2018 (page 204) wherein it was mentioned that “a TEP in assessee case was received from the investigation wing through the Joint Commissioner date 27/3/2017.As per Bank