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14 results for “section 68”+ Section 130clear

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Key Topics

Section 26321Section 14820Addition to Income14Section 153A12Section 10(38)12Section 143(3)11Section 688Section 2507Section 1446Natural Justice

M/S CONTINENTAL CONSTRUCTION COMPANY ,JAMMU vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, JAMMU

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

ITA 93/ASR/2020[2011-12]Status: DisposedITAT Amritsar20 Jun 2023AY 2011-12

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

Section 143(3)Section 250(6)Section 68

68 of the Act which was duly upheld by the ld. CIT(A) for non- submission of creditworthiness and source of investment of partners. Being dissatisfied in the appeal order the assesssee filed the appeal before us. 5. The ld. AR for assessee has filed the written submission which are kept in record. The ld. AR argued that the identity

POONAM MARWAHA,AMRITSAR vs. ACIT DCIT CEN CIR, AMRITSAR

In the result, the appeal filed by assessee is allowed

ITA 306/ASR/2024[2019-20]Status: Disposed
5
Long Term Capital Gains4
Penny Stock4
ITAT Amritsar
09 Jan 2025
AY 2019-20
Section 115BSection 143(3)Section 263Section 263(1)Section 69

130 taxmann.com 496 (Gauhati) HIGH COURT OF GAUHATI CMJ Breweries\n(P.) Ltd. v. Union of India\nSection 263 of the Income-tax Act, 1961 - Revision - Of orders prejudicial to interest of\nrevenue (General Principles) - An order under section 263 was assailed on ground that\ncondition precedent of initiating a proceeding under section 263 was absent and, therefore

MEASAGE. HARYANA PLAST PRIVATE LIMITED,HOSHIARPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, appeal of the assessee is allowed

ITA 299/ASR/2019[2014-15]Status: HeardITAT Amritsar14 Jun 2023AY 2014-15

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

Section 143(3)Section 263Section 40A(2)(b)Section 68

68 of the Income Tax Act, 1961 effective from the assessment year 2013-14 vide which it has been mandated that such sums shall treated as explained only when the nature and source of funds is also explained by the recipient assessee company in the hands of the shareholder.” 4. The ld. AR placed that during the assessment

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

130 ITR I, the Apex Court has stated that the words and the phrase used, "has reason to believe", and in the first part of Section 147 of the Act were stronger than the word "satisfied". The belief entertained by the assessing authority must not be arbitrary or irrational. It must be reasonable, or, in other words, it must

YADAV RICE MILLS,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, BATHINDA, BATHINDA

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

ITA 415/ASR/2024[2012-13]Status: DisposedITAT Amritsar17 Sept 2025AY 2012-13

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

For Appellant: Sh. Ashwani Kumar, Ms. Deepali Aggarwal
Section 131Section 143(1)Section 143(3)Section 147Section 148Section 151Section 250Section 68Section 69C

68 of the Act. 3. That CIT(A) further gravely erred in upholding the estimated addition of Rs. 4,510/- on account of alleged commission paid by resort to provisions of Section 69C of the Act. 3. The facts borne out from records are that the assessee is a partnership firm engaged in the business of milling and sales

INCOME TAX OFFICER, WARD-2(3), ABOHAR, INCOME TAX OFFICE, ABOHAR vs. RAJ KUMAR, ABOHAR

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

ITA 622/ASR/2024[2018-19]Status: DisposedITAT Amritsar06 Apr 2026AY 2018-19

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta

For Appellant: Sh. Rajendra Jain, Adv
Section 143(3)Section 250Section 68Section 69A

Section 68 r.w.s. 115BBE) was rightly made to the returned income of the assessee. Therefore, the Ld. CIT(A) has erred in deleting the addition of Rs. 2,41,62,056/- u/s 68 r.w.s. 115BBE on account of Unexplained Sundry Creditors. 5. The Appellant craves leave to add, amend, alter, vary any or all the above grounds of appeal

SHRI SHAILENDER VAID,JAMMU vs. DEPUTY COMMISSIONER OF INCOME TAX ,CIRCLE-1, JAMMU

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

ITA 118/ASR/2025[2011-12]Status: DisposedITAT Amritsar10 Nov 2025AY 2011-12

Bench: Dr. Mitha Lalmeena, Hon'Ble & Shri Udayan Das Gupta, Hon'Bledeputy Commissioner Of Income- Shailender Vaid, Vs. House No. 179-P, Sector-3, Tax, Circle-L, Jammu (J&K) Trikuta Nagar, Jammu (J & K) Pan No. Aawpv6431C Assessee By Shri Joginder Singh, Ca Shri Charan Dass, Sr. Dr Revenue By Date Of Hearing 24.09.2025. Ft . // .2025. Date Of Pronouncement

Section 124Section 142(1)Section 143(2)Section 144Section 147Section 148Section 68

130/- after making an addition of Rs.27,31,299/- u/s 68 as against the returned of Rs.46,21,830/-. 7. That the assessee has declared income of Rs.46,21,830/- in the e-filed return of income u/s 139(1) of the act. It is apparently clear from the Instruction No.1/2011 dated 31/01/2011 issued by the CBDT under F.No.l87/12/2010-IT

SH.GAURAV AGGARWAL,GURDAS PUR vs. DY.COMMISSIONER OF INCOME TAX, AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 35/ASR/2019[2014-15]Status: DisposedITAT Amritsar13 Sept 2023AY 2014-15

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

Section 10(38)Section 153ASection 250

68 of the Income Tax Act, 1961.” 8. We heard the rival submission and considered the documents available in the record. The transaction was made through the share of M/s Kappac Pharma I.T.A. Nos.32 to 35/Asr/2019 16 A.Ys. 2014-15 & 2015-16 Ltd. The transaction and mode of operation are duly identified by the revenue and addition was made

SMT. DEEPTI AGGARWAL,GURDAS PUR vs. DY COMMISSIONER OF INCOME TAX, AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 34/ASR/2019[2014-15]Status: DisposedITAT Amritsar13 Sept 2023AY 2014-15

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

Section 10(38)Section 153ASection 250

68 of the Income Tax Act, 1961.” 8. We heard the rival submission and considered the documents available in the record. The transaction was made through the share of M/s Kappac Pharma I.T.A. Nos.32 to 35/Asr/2019 16 A.Ys. 2014-15 & 2015-16 Ltd. The transaction and mode of operation are duly identified by the revenue and addition was made

SH. RAMAN KUMAR AGGARWAL,GURDAS PUR vs. DY. COMMISSIONER OF INCOME TAX , AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 33/ASR/2019[2015-16]Status: DisposedITAT Amritsar13 Sept 2023AY 2015-16

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

Section 10(38)Section 153ASection 250

68 of the Income Tax Act, 1961.” 8. We heard the rival submission and considered the documents available in the record. The transaction was made through the share of M/s Kappac Pharma I.T.A. Nos.32 to 35/Asr/2019 16 A.Ys. 2014-15 & 2015-16 Ltd. The transaction and mode of operation are duly identified by the revenue and addition was made

M/S RAMAN KUMAR AGGARWAL,GURDASPUR vs. DY. COMMISSIONER .OF. INCOME. TAX , AMRITSAR

In the result, the appeal of assessee in ITA No

ITA 32/ASR/2019[2014-15]Status: DisposedITAT Amritsar13 Sept 2023AY 2014-15

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

Section 10(38)Section 153ASection 250

68 of the Income Tax Act, 1961.” 8. We heard the rival submission and considered the documents available in the record. The transaction was made through the share of M/s Kappac Pharma I.T.A. Nos.32 to 35/Asr/2019 16 A.Ys. 2014-15 & 2015-16 Ltd. The transaction and mode of operation are duly identified by the revenue and addition was made

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

section 142(1) of the Act on 8.8.2018 and 143(2) of the Act were received. 6. During assessment proceedings, information was filed vide letters dated 05.10.2018, 09.10.2018, 30.11.2018. the information was filled by the assessee credit entry of same date in the account of the assessee includes copy of loan account showing the entry of loan amount

ASSIATANT COMMISSIONER OF INCOME TAX PHAGWARA CIRCLE, PHAGWARA vs. SHRI HARMESH KUMAR, PHILLAUR

In the result, these appeals are allowed for statistical purposes

ITA 42/ASR/2018[2014-15]Status: DisposedITAT Amritsar10 Nov 2023AY 2014-15

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

For Appellant: None (Written submission)For Respondent: Sh. Dr. Vedanshu Tripathi, CIT DR
Section 133A

Section 133A of the Act can be retracted at the whim and fancy of the assessee. In the light of the aforesaid, the assertions made by the learned counsel for the petitioner cannot be accepted.” The learned DR prayed that either the assessment order be restored or the matter may be remanded back to the CIT appeal for fresh

ASSISTANT COMMISSIONER OF INCOME TAX, PHAGWARA CIRCLE, PHAGWARA vs. SHRI CHUNI LAL, PHILLAUR

In the result, these appeals are allowed for statistical purposes

ITA 40/ASR/2018[2014-15]Status: DisposedITAT Amritsar10 Nov 2023AY 2014-15

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

For Appellant: None (Written submission)For Respondent: Sh. Dr. Vedanshu Tripathi, CIT DR
Section 133A

Section 133A of the Act can be retracted at the whim and fancy of the assessee. In the light of the aforesaid, the assertions made by the learned counsel for the petitioner cannot be accepted.” The learned DR prayed that either the assessment order be restored or the matter may be remanded back to the CIT appeal for fresh