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4 results for “section 68”+ Section 239clear

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Key Topics

Section 1473Section 2633Section 40A(3)3Disallowance3Addition to Income3Section 250(6)2Section 143(3)2Cash Deposit2

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-3, AMRITSAR vs. SHRIMATI RAJ RANI ARORA, AMRITSAR

In the result, the appeal of the department is dismissed

ITA 10/ASR/2020[2014-15]Status: DisposedITAT Amritsar16 Jun 2023AY 2014-15

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

section 68 of the act are satisfied with regard to loan*'of Rs 1,00,00,000/- received by the appellant from Sh. Amandeep Singh in the year under consideration and no addition of Rs. 1,00,00,000/- is called for u/s 68 of the act in respect of loan from Sh. Amandeep Singh and the same

MESERS GANESH RICE MILLS,MUKTSAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-II, BATHINDA

In the result the appeal of the assessee ITA No

ITA 287/ASR/2018[2014-15]Status: DisposedITAT Amritsar15 Feb 2023AY 2014-15

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

For Appellant: Sh. Sudhir Sehgal, A. R
For Respondent: Sh. Rohit Mehra, CIT DR
Section 133ASection 143(3)Section 250(6)

239-IT/16-17 dated 21/03/2018, passed u/s 250(6) of the Income Tax Act, 1961 [in brevity the Act], in respect of Assessment Year 2014-15. The impugned order was emanated from the order of the ld. Deputy Commissioner Income Tax, Circle-II, Bhatinda (in brevity AO) passed u/s 143(3) of the Act, dated 27.12.2016. 2. Tersely, we advert

THE DY. COMMISSIONER OF INCOME TAX, AMRITSAR. vs. SH. JAIMAL SINGH, L/H. SH. PREM CHAND,, TARN TARAN

In the result, the appeal bearing ITA No

ITA 82/ASR/2016[2008-09]Status: DisposedITAT Amritsar09 Nov 2023AY 2008-09

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

Section 139(9)Section 147Section 250Section 250(6)Section 263

239,919.63 credited to his account with WOOLWICH had come from the proceeds and the account with WOOLWICH was closed on 15-06-2007 with closure amount of £ 265003/-, out of which £200000 @ Rs 80.72 were credited to the account no. 71505008547 on 22-06- 2007 and £ 5588 @ Rs 79.90 were credited on 23-01-2008. The said amount

THE INCOME TAX OFFICER, AMRITSAR. vs. SH. SHIV RAJ SINGH BAWA, AMRITSAR.

In the result, the Revenue’s appeal is allowed and the assessee’s CO, dismissed

ITA 407/ASR/2016[2012-13]Status: DisposedITAT Amritsar30 Jan 2019AY 2012-13

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 407/Asr/2016 Assessment Year: 2012-13

For Appellant: Sh. Charan Dass (D.R.)For Respondent: Sh. Tarun Bansal (Adv.)
Section 143(3)Section 40A(3)

section 40A(3) and, thus, disallowance there-under, could only be effected in the hands of the Association of Persons (AOP) consisting of the assessee and the other purchasers (owners) of the subject land. Relying upon ITO v. Ch. Attchaiah [1996] 218 ITR 239 (SC), it was stated that the law does not give the assessing authority the option