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10 results for “section 68”+ Section 254clear

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Key Topics

Section 6815Section 143(3)14Section 26310Section 2509Section 1478Addition to Income8Section 69A5Section 12A5Section 1484Cash Deposit

SHRI RAJ KUMAR ( M/S RADHIKA SALES CORP ), AMRITSAR vs. INCOME TAX OFFICER WARD- 3 (3), AMRITSAR

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

ITA 195/ASR/2022[2017-18]Status: DisposedITAT Amritsar11 Apr 2023AY 2017-18

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

Section 143(3)Section 145(3)Section 250oSection 68

68 and 133, of the Income-tax Act, 1961 - Method of accounting - Estimation of income (Discrepancy in receipts as shown in 26AS) - Assessment year 2013-14 - Case of assessee-contractor was selected for scrutiny through CASS due to difference in turnover between Form 26AS and books of account - Assessing Officer completed assessment in case of assessee company by making various

DR. HARPRIT SINGH ,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-II, JALANDHAR

In the result, the appeal of the assessee stands allowed

4
Condonation of Delay2
Demonetization2
ITA 195/ASR/2018[2011-12]Status: DisposedITAT Amritsar19 Dec 2019AY 2011-12

Bench: Shri N.K. Choudhry & Shri O.P.Meenaआ.अ.संसंसंसं././././I.T.A No.195/Asr/2018 िनधा"रणवष"/A.Y.:2011-12 िनधा"रणवष" िनधा"रणवष" िनधा"रणवष" Dr. Harprit Singh, C/O M/S. Vs. Deputy Commissioner Of Orthonova Hospital, Near Nari Income-Tax, Niketan, Nakoddar Road, Central Circle –Ii, Jalandhar Jalandhar(Pb) (Pb) Pan: Acmps 7237 F अपीलाथ"Appellant अपीलाथ" ""यथ"/Respondent ""यथ" अपीलाथ" अपीलाथ" ""यथ" ""यथ"

Section 133(6)Section 143Section 147Section 148Section 68Section 69

section 68 can be made when no Dr. Harprit Singh v. DCIT-CC-II, Jalandhar/I.T.A. No.195/ASR/2018/A.Y.:11-12 Page 7 of 11 books of accounts are maintained. The learned counsel for the assessee contended that the AO has observed that when the company was having regular current account then why the assessee has opened saving bank account

SHRI GAMDOOR SINGH ,MANSA vs. INCOME TAX OFFICER WARD- 1 (5), MANSA

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

ITA 149/ASR/2023[2013-14]Status: DisposedITAT Amritsar07 Jul 2023AY 2013-14

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

Section 68

section 68 are not applicable as the assessee appellant has made re- payment of loan taken from the bank against limit. As such addition of Rs. 9,10,000/- confirmed by the Ld. CIT(A) is unjustified and bad in law. The same be deleted. 3 I.T.A. No. 149/Asr/2023 Gamdoor Singh v. ITO 6. That the appellant craves

SHIROMANI GURDWARA PARBANDHAK COMMITTEE vs. COMMISSIONER OF INCOME TAX-I,

In the result the appeal of the Assessee is allowed

ITA 530/ASR/2009[]Status: DisposedITAT Amritsar16 Aug 2021

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meenav.S. Cit – I Shirmoni Gurdwara Parbandhak Committee Amritsar Teja Singh Mundri Hall Sri Amritsar Pan:Aants1981K (Appellant) (Respondent)

Section 10Section 12ASection 2Section 80Section 80GSection 80G(5)(iii)

254(1) of the 1961 Act), the Tribunal was not authorized to take back the benefit granted to the Assessee by the AO. The Tribunal has no power to enhance the assessment. Applying the ratio of the said judgment to the present case, we are of the view that, in this case, the AO had granted depreciation in respect

SHRI DEEPAK SETIA, JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, JALANDHAR

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

ITA 112/ASR/2023[2019-2020]Status: DisposedITAT Amritsar17 Jul 2023AY 2019-2020

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.112/Asr/2023 Assessment Year: 2019-20

Section 115BSection 133ASection 139(1)Section 144Section 250Section 68Section 69A

68 of the Act and computed the Tax liability under the provisions of section 115BBE of the Act.” 4.2. Respectfully reliance in this regard is placed on the judgment in the case of DaulatramRawatmullvs. CIT [1967] 64 ITR 593, wherein Hon’ble Calcutta High Courtheld that: “61. In the instant case the assessee is a firm formed

MESERS SHRI SWAMI SHANKARNATH PARVAT CHARITABLE AND WELFARE TRUST ,KAPURTHALA vs. THE COMMISSIONER OF INCOME TAX (EXEMPTIONS), CHANDIGARH

In the result, the assessee appeal is allowed

ITA 602/ASR/2018[2018-19]Status: DisposedITAT Amritsar21 Sept 2021AY 2018-19

Bench: Sh. Laliet Kumar & Dr. M. L. Meenai.T.A. No. 602/Asr/2018 Assessment Year: N.A.

Section 12A

68,816/- in F.Y: 2017/18. These are meager expenses. No adverse opinion has been drawn by him on this observation. It is submitted that Income & Expenditure Account for F.Y: 2016-17 appears at Page 20 of the Paper Book and for F.Y: 2017-18 at Page 23 of the Paper Book. The details of various expenses incurred by the Society

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

254 of the Income Tax Act, 1961 (henceforth the Act) which has emanated from the order of the AO (NEAC) dated 08.04.2021 passed u/s 143(3) of the Act. 2 I.T.A. No. 622/Asr/2024 Assessment Year: 2018-19 2. Condonation of Delay: It is pointed out by the registry that this appeal is filed by the revenue belatedly by 45 (forty

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

254 of the Income Tax Act 1961, [in brevity ‘the Act’] for A.Y. 2014-15. The impugned order was emanated from the order of I.T.A. No.53/Asr/2023 2 Assessment Year: 2014-15 theld. Income Tax Officer, Ward-3, Phagwara, (in brevity “the AO”) u/s 143(3) of the Act. 2. The assessee has taken the following grounds: “1 That

NARINDER AND COMPANY,JALANDHAR vs. INCOME TAX OFFICER WARD-3(5), JALANDHAR

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

ITA 93/ASR/2022[2017-18]Status: DisposedITAT Amritsar10 Oct 2022AY 2017-18

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

For Appellant: Sh. Rohit Kapoor, C.A. and Sh. V.S. AggarwalFor Respondent: Sh. Rohit Sharma, CIT DR
Section 143(3)Section 263Section 263(1)Section 263p

254 194 1118 Aluminium wire 05.11.2016 192216.00 224 194 66 GI wire 05.11.2016 139595.00 256 194 1117 Aluminium wire 05.11.2016 166286.00 258 194 67 GI wire 07.11.2016 166327.00 260 194 69 GI wire 07.11.2016 56863.00 262 194 11 Narinder and Company v. ITO 3707029.00 7.6 That the assessee has submitted reply before the assessing officer in which the same figure

PANKAJ JINDAL CONTRACTOR,MANSA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-I, BATHINDA, BATHINDA

In the result the appeal of the assessee is allowed

ITA 695/ASR/2024[2014-15]Status: DisposedITAT Amritsar05 Jan 2026AY 2014-15

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Physical Hearing) I.T.A. No. 695/Asr/2024 Assessment Year: 2014-15 M/S Pankaj Jindal Contractor, Vs. Dcit-Circle-1, Near Vidya Bharti School, Bathinda. Mansa. [Pan:-Aajfp8008L] (Appellant) (Respondent) Appellant By Sh. Sudhir Sehgal, Adv. Respondent By Sh. Charan Dass, Sr. Dr

Section 139(1)Section 143(3)Section 147Section 148Section 148aSection 250Section 282Section 40A(3)Section 68

68 on a/c of difference in ledger balance with one Ramesh Kumar & Co). 4. The matter carried in first appeal has been dismissed by the ld. CIT(A) by upholding both the additions on merits by observing as follows: “In view of the above facts, it is pertinent to note that the assessee has made cash payments on various dates