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12 results for “depreciation”+ Unexplained Moneyclear

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Key Topics

Section 153A21Section 143(2)14Section 143(3)8Section 1327Section 139(4)7Section 143(1)7Section 132(4)7Section 647Addition to Income4Cash Deposit

QUADISIYYA HAJJ CELL,KOLLAM vs. THE INCOME TAX OFFICER, WARD 3, KOLLAM

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

ITA 578/COCH/2023[2017-18]Status: DisposedITAT Cochin28 Jan 2025AY 2017-18

Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessmentyear: 2017-18 Quadisiyya Hajj Cell Quadisiyya Complex Thazhuthala Ito Vs. Mukathala Po Ward-3 Kollam 691 577 Kollam Pan No :Aaafq3277H Appellant Respondent

For Appellant: Shri R. Krishnan, A.RFor Respondent: Shri Sanjit Kumar Das, D.R
Section 142(1)Section 144Section 250Section 69A

unexplained money from undisclosed sources of the partnership firm as provided in section 69A of the Act. 3.1 Aggrieved by the assessment completed u/s 144 of the Act, the assessee has preferred an appeal before ld. CIT(A). 3.2 The ld. CIT(A) also dismissed the appeal on the ground that assessee has not furnished explanation/evidences in support of grounds

3
Unexplained Investment2
Survey u/s 133A2

CHENGAZHASSERIL THOMAS KURIAN,KOTTAYAM vs. ACIT CENTRAL CIRCLE KOTTAYAM, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 472/COCH/2022[2011-2012]Status: DisposedITAT Cochin29 Sept 2023AY 2011-2012

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained money. We decide accordingly. 10. The next addition being agitated by the assessee is in respect of sale of agricultural land, that is, to the extent of 1.74 acres of land (out of 8.74 acres cardamom plantation), sold separately to one, Nikhil John, for Rs.16,81,800on 17.12.2010. The sale document assigning separate consideration for land and building (along

V D DEVASIA,KOTTAYAM vs. ACIT, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 48/COCH/2022[2012-2013]Status: DisposedITAT Cochin29 Sept 2023AY 2012-2013

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained money. We decide accordingly. 10. The next addition being agitated by the assessee is in respect of sale of agricultural land, that is, to the extent of 1.74 acres of land (out of 8.74 acres cardamom plantation), sold separately to one, Nikhil John, for Rs.16,81,800on 17.12.2010. The sale document assigning separate consideration for land and building (along

CHENGAZHASSERIL THOMAS KURIAN,KOTTAYAM vs. ACIT CENTRAL CIRCLE KOTTAYAM, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 473/COCH/2022[ 2012-2013]Status: DisposedITAT Cochin29 Sept 2023

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained money. We decide accordingly. 10. The next addition being agitated by the assessee is in respect of sale of agricultural land, that is, to the extent of 1.74 acres of land (out of 8.74 acres cardamom plantation), sold separately to one, Nikhil John, for Rs.16,81,800on 17.12.2010. The sale document assigning separate consideration for land and building (along

V D DEVASIA,KOTTAYAM vs. ACIT, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 50/COCH/2022[2014-2015]Status: DisposedITAT Cochin29 Sept 2023AY 2014-2015

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained money. We decide accordingly. 10. The next addition being agitated by the assessee is in respect of sale of agricultural land, that is, to the extent of 1.74 acres of land (out of 8.74 acres cardamom plantation), sold separately to one, Nikhil John, for Rs.16,81,800on 17.12.2010. The sale document assigning separate consideration for land and building (along

V D DEVASIA,KOTTAYAM vs. ACIT, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 49/COCH/2022[2013-2014]Status: DisposedITAT Cochin29 Sept 2023AY 2013-2014

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained money. We decide accordingly. 10. The next addition being agitated by the assessee is in respect of sale of agricultural land, that is, to the extent of 1.74 acres of land (out of 8.74 acres cardamom plantation), sold separately to one, Nikhil John, for Rs.16,81,800on 17.12.2010. The sale document assigning separate consideration for land and building (along

CHENGAZHASSERIL THOMAS KURIAN,KOTTAYAM vs. ACIT CENTRAL CIRCLE KOTTAYAM, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 474/COCH/2022[2014-2015]Status: DisposedITAT Cochin29 Sept 2023AY 2014-2015

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained money. We decide accordingly. 10. The next addition being agitated by the assessee is in respect of sale of agricultural land, that is, to the extent of 1.74 acres of land (out of 8.74 acres cardamom plantation), sold separately to one, Nikhil John, for Rs.16,81,800on 17.12.2010. The sale document assigning separate consideration for land and building (along

V D DEVASIA,KOTTAYAM vs. ACIT, KOTTAYAM

In the result, the appeals by the assessees are partly allowed and partly allowed for statistical purposes

ITA 47/COCH/2022[2011-2012]Status: DisposedITAT Cochin29 Sept 2023AY 2011-2012

Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember

For Appellant: Shri Joseph Markose, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 132Section 132(4)Section 139(4)Section 143(1)Section 143(2)Section 143(3)Section 153ASection 64

unexplained money. We decide accordingly. 10. The next addition being agitated by the assessee is in respect of sale of agricultural land, that is, to the extent of 1.74 acres of land (out of 8.74 acres cardamom plantation), sold separately to one, Nikhil John, for Rs.16,81,800on 17.12.2010. The sale document assigning separate consideration for land and building (along

THE DCIT, COCHIN vs. M/S.FRIDGEHOUSE RETAIL P. LTD, COCHIN

In the result, the Revenue’s appeal is dismissed

ITA 81/COCH/2017[2012-13]Status: DisposedITAT Cochin11 Aug 2023AY 2012-13

Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm

For Appellant: Smt.J.M.Jamuna Devi, Sr.ARFor Respondent: Sri.K.Sankaranarayanan, CA
Section 143(3)Section 68

unexplained. Taking into consideration all the facts of the case the credit entries passed by the assessee company in the books, in respect of claim of transfers from M/s Natesan Brothers, is added as income from undisclosed source as per the provisions of section 68 of the Income Tax Act as the explanation offered by assessee company is not satisfactory

M/S.C&R HOTELS PVT. LTD,FORT KOCHI vs. THE DCIT,CORP CIR(1)(1), KOCHI

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

ITA 450/COCH/2023[2014-15]Status: DisposedITAT Cochin20 Dec 2024AY 2014-15

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Assessment Year : 2014-15

For Appellant: Shri K V Jose, CAFor Respondent: Smt. Leena Lal, Snr. AR
Section 32(2)Section 68

money received from the Director who is having the sea food export business and therefore the treating of the said amount as unexplained cash credit u/s. 68 is not correct. The Ld.CIT(A) considered the arguments of the assessee and granted relief in respect of the carry forward of the unabsorbed depreciation

SRI.K.P. JOHNY,THRISSUR vs. THE DCIT, CIRCLE-2(1), THRISSUR

In the result, both the assessee’s and the Revenue’s appeals are partly allowed and partly allowed for statistical purposes

ITA 206/COCH/2019[2014-15]Status: DisposedITAT Cochin09 Oct 2023AY 2014-15

Bench: Shri Sanjay Arora & Shri Manomohan Dask.P. Johny Asst. Cit, Manappuram House Circle – 2(1) Hospital Road, Chalakkudy Aayakar Bhavan Vs. Thrissur 680307 Sakthan Thampuran Nagar [Pan:Acgpj4958G] Thrissur 680001 (Appellant) (Respondent) Asst. Cit, K.P. Johny Circle – 2(1) Manappuram House Aayakar Bhavan Hospital Road, Chalakkudy Vs. Sakthan Thampuran Nagar Thrissur 680307 Thrissur 680001 [Pan: Acgpj4958G] (Appellant) (Respondent)

For Appellant: Shri T.M. Sreedharan, Sr. Advocate (with Smt. Divya Ravindran, Adv. with him)For Respondent: Smt. J.M. Jamuna Devi, Sr. DR
Section 131(1)Section 133ASection 147Section 148(1)Section 69

unexplained investment. In appeal, the assessee obtained part relief on the basis of payment of Rs.16,00,000 supra on 17.01.2014 as being out of Rs.50 lakhs received on 23.12.2013 as consideration on sale of shares (in Manko). The relevant part of the appellate order reads as under: - “8.3 I have perused the assessment order. The assessment order clearly states

THE DCIT, CIRCLE-2(1), THRISSUR vs. SRI.K.P. JOHNY, THRISSUR

In the result, both the assessee’s and the Revenue’s appeals are partly allowed and partly allowed for statistical purposes

ITA 254/COCH/2019[2014-15]Status: DisposedITAT Cochin09 Oct 2023AY 2014-15

Bench: Shri Sanjay Arora & Shri Manomohan Dask.P. Johny Asst. Cit, Manappuram House Circle – 2(1) Hospital Road, Chalakkudy Aayakar Bhavan Vs. Thrissur 680307 Sakthan Thampuran Nagar [Pan:Acgpj4958G] Thrissur 680001 (Appellant) (Respondent) Asst. Cit, K.P. Johny Circle – 2(1) Manappuram House Aayakar Bhavan Hospital Road, Chalakkudy Vs. Sakthan Thampuran Nagar Thrissur 680307 Thrissur 680001 [Pan: Acgpj4958G] (Appellant) (Respondent)

For Appellant: Shri T.M. Sreedharan, Sr. Advocate (with Smt. Divya Ravindran, Adv. with him)For Respondent: Smt. J.M. Jamuna Devi, Sr. DR
Section 131(1)Section 133ASection 147Section 148(1)Section 69

unexplained investment. In appeal, the assessee obtained part relief on the basis of payment of Rs.16,00,000 supra on 17.01.2014 as being out of Rs.50 lakhs received on 23.12.2013 as consideration on sale of shares (in Manko). The relevant part of the appellate order reads as under: - “8.3 I have perused the assessment order. The assessment order clearly states