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7 results for “section 68”+ Section 43Cclear

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Key Topics

Section 44A24Section 6815Section 143(3)7Addition to Income6Unexplained Cash Credit5Cash Deposit4Section 113Section 153A3Section 143(2)2

MR. BHASKAR JOSEPH,BANGALORE vs. INCOME TAX OFFICER, WARD- 6(2)(2), BANGALORE

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

ITA 1737/BANG/2019[2015-16]Status: DisposedITAT Bangalore07 Jun 2022AY 2015-16

Bench: Shri Chandra Poojariassessment Year: 2015-16

For Appellant: Sri Rajeev Nulvi, A.RFor Respondent: Sri Ganesh R. Ghale, A.R., Standing counsel for Revenue
Section 131Section 68

68 of the Act cannot be sustained. Section 44AD provides that where the assessee is engaged in eligible business as proprietor under that section, a sum equal to 8% of the gross receipts shall be deemed to be the profits and gains of such business. Section 44AD exempts the assessee from maintenance of books of accounts. Once

MR. GIRISH V YALAKKISHETTAR,DAHRWAD vs. INCOME TAX OFFICER WARD-2(3), HUBLI

In the result, both the appeals filed by the assessee are partly allowed

Section 12A2
Section 1322
Deduction2
ITA 354/BANG/2019[2013-14]Status: DisposedITAT Bangalore27 Jan 2020AY 2013-14

Bench: Shri Chandra Poojari

For Appellant: Sri.Balram R.Rao, AdvocateFor Respondent: Sri.Ganesh R.Ghale, Standing Council for DR
Section 143(3)Section 148Section 44ASection 68

68 of the Act cannot be sustained. Section 44AD provides that where the assessee is engaged in eligible business as proprietor under that section, a sum equal to 8% of the gross receipts shall be deemed to be the profits and gains of such business. Section 44AD exempts the assessee from maintenance of books of accounts. Once

MR.GIRISH V YALAKKISHETTAR ,DHARWAD vs. THE INCOME TAX OFFICER WARD-2(3), BANGALORE

In the result, both the appeals filed by the assessee are partly allowed

ITA 355/BANG/2019[2014-15]Status: DisposedITAT Bangalore27 Jan 2020AY 2014-15

Bench: Shri Chandra Poojari

For Appellant: Sri.Balram R.Rao, AdvocateFor Respondent: Sri.Ganesh R.Ghale, Standing Council for DR
Section 143(3)Section 148Section 44ASection 68

68 of the Act cannot be sustained. Section 44AD provides that where the assessee is engaged in eligible business as proprietor under that section, a sum equal to 8% of the gross receipts shall be deemed to be the profits and gains of such business. Section 44AD exempts the assessee from maintenance of books of accounts. Once

M/S. KOKKARNE PRABHAKAR,HUBBALLI vs. INCOME TAX OFFICER, WARD - 3(2), HUBBALLI

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

ITA 1239/BANG/2019[2014-15]Status: DisposedITAT Bangalore11 Sept 2020AY 2014-15

Bench: Shri Chandra Poojari, Am Assessment Year: 2013-14 Shri Kokkarne Prabhakara, Vs. Income Tax Officer, 103, Indira Prasta Apartment, Ward 3(2), Hubballi. Vivekanand Colony, Keshwapur, Hubli-580 023 Pan Acipp 8430H

Section 143(3)Section 44A

68 of the Act cannot be sustained. Section 44AD provides that where the assessee is engaged in eligible business as proprietor under that section, a sum equal to 8% of the gross receipts shall be deemed to be the profits and gains of such business. Section 44AD exempts the assessee from maintenance of books of accounts. Once

SYED MAQSOODULLA ,BANGALORE vs. INCOME TAX OFFICER WARD-3(2)(1), BANGALORE

In the result, the appeal of the assessee is allowed

ITA 397/BANG/2019[2015-16]Status: DisposedITAT Bangalore11 Sept 2020AY 2015-16

Bench: Shri Chandra Poojari, Am Assessment Year: 2015-16 Syed Maqsoodulla, Vs. The Income Tax Officer, No.14, 7Th “A’ Cross Ward-3(2)(1), Bangalore. ‘D’ Block, Magadi Road Bangalore-560023. [Pan:Cycps 3116F]

Section 115BSection 251(2)Section 44ASection 69A

68 of the Act cannot be sustained. Section 44AD provides that where the assessee is engaged in eligible business as proprietor under that section, a sum equal to 8% of the gross receipts shall be deemed to be the profits and gains of such business. Section 44AD exempts the assessee from maintenance of books of accounts. Once

MAHENDRA KUMAR ,BALLARI vs. INCOME TAX OFFICER,WARD-1 & TPS, BELLARY

In the result, the appeal of the assessee is allowed

ITA 423/BANG/2023[2017-2018]Status: DisposedITAT Bangalore21 Sept 2023AY 2017-2018

Bench: Shri Chandra Poojari & Ms. Madhumita Royassessment Year : 2017-18

For Appellant: Shri Shivaprasada Reddy, ITPFor Respondent: Shri Nischal B, Addl. CIT (DR)
Section 143(2)Section 143(3)Section 144Section 44ASection 68Section 69

68 of the Act. In other words, the Assessing Officer has not at all rejected the books of accounts of the assessee. Section 44AD provides that where the assessee is engaged in eligible business as proprietor under that section, a sum equal to 8% of the gross receipts shall be deemed to be the profits and gains

M/S. DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL), BANGALORE

In the result, appeal filed by the assessee is allowed

ITA 155/BANG/2022[2020-21]Status: DisposedITAT Bangalore08 Jun 2022AY 2020-21

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: Na

For Appellant: Sri Ramasubramaniyan, A.RFor Respondent: Sri Pradeep Kumar, D.R
Section 11Section 12ASection 132Section 143(2)Section 143(3)Section 153A

Section 11(1) reads as under:- “11. (1) Subject to the provisions of sections 60 to 63, the following income shall not be included in the total income of the previous year of the person in receipt of the income— (a) income derived from property held under trust wholly for charitable or religious purposes, to the extent