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16 results for “section 68”+ Section 249(2)clear

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Key Topics

Addition to Income10Unexplained Investment9Section 14A8Section 1485Disallowance4Section 1472Section 682Section 1532

THE DCIT, COCHIN vs. M/S.ASPINWALL & CO. LTD, COCHIN

In the result,the appeal of the Revenue in ITA No

ITA 133/COCH/2017[2012-13]Status: DisposedITAT Cochin19 May 2020AY 2012-13

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 14A

68,481/-. Since assessee had huge interest bearing funds and investments were made in the mutual funds of sister concerns from where tax dividend was also earned, the I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 Assessing Officer disallowed interest amounting to Rs.18,43,500/- under section 14A r.w.r. 8D of the Income Tax Rules, 1962. 4. On appeal

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

ITA 61/COCH/2015[2006-07]Status: DisposedITAT Cochin19 May 2020AY 2006-07

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 14A

68,481/-. Since assessee had huge interest bearing funds and investments were made in the mutual funds of sister concerns from where tax dividend was also earned, the I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 Assessing Officer disallowed interest amounting to Rs.18,43,500/- under section 14A r.w.r. 8D of the Income Tax Rules, 1962. 4. On appeal

M/S ASPINWALL & CO.,LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

ITA 128/COCH/2017[2012-13]Status: DisposedITAT Cochin19 May 2020AY 2012-13

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 14A

68,481/-. Since assessee had huge interest bearing funds and investments were made in the mutual funds of sister concerns from where tax dividend was also earned, the I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 Assessing Officer disallowed interest amounting to Rs.18,43,500/- under section 14A r.w.r. 8D of the Income Tax Rules, 1962. 4. On appeal

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

ITA 60/COCH/2015[2006-07]Status: DisposedITAT Cochin19 May 2020AY 2006-07

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

Section 14A

68,481/-. Since assessee had huge interest bearing funds and investments were made in the mutual funds of sister concerns from where tax dividend was also earned, the I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 Assessing Officer disallowed interest amounting to Rs.18,43,500/- under section 14A r.w.r. 8D of the Income Tax Rules, 1962. 4. On appeal

THE AD COMMISSIONER OF INCOME TAX, ALAPPUZHA vs. N S S KARAYOGAM, ALAPPUZHA

In the result, the appeals filed by the assessee are partly allowed, as indicated above

ITA 505/COCH/2018[2005-06]Status: DisposedITAT Cochin05 Mar 2019AY 2005-06

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Smt.A.S.Bindhu, Sr.DRFor Respondent: Sri.T.M.Sreedharan, Advocate
Section 143Section 148Section 153Section 254

68 taxmann.com 310 (Kol)] held this is a case of setting aside of the assessment and consequently the time limit for completion of assessment / reassessment is governed by the provisions of section 153(2A) of the I.T.Act. Therefore, it was concluded by the CIT(A) that the assessment order pursuant to the order of the ITAT is barred

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 49/COCH/2014[2006-07]Status: DisposedITAT Cochin30 Apr 2019AY 2006-07

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

section 153A of the Act. Therefore, the assessment framed u/s. 153A is invalid. Immediately, the ld. DR Shri M. Anil Kumar produced the assessment folder for verification of the ld. Representative for the assessee and submitted that search was conducted in the case of Smt. Asha Sunil and search warrant was also issued in her name. After verifying

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 51/COCH/2014[2008-09]Status: DisposedITAT Cochin30 Apr 2019AY 2008-09

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

section 153A of the Act. Therefore, the assessment framed u/s. 153A is invalid. Immediately, the ld. DR Shri M. Anil Kumar produced the assessment folder for verification of the ld. Representative for the assessee and submitted that search was conducted in the case of Smt. Asha Sunil and search warrant was also issued in her name. After verifying

SMT.ASHA MENON( ASHA SUNIL),COCHIN vs. THE DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 594/COCH/2018[2006-07]Status: DisposedITAT Cochin30 Apr 2019AY 2006-07

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

section 153A of the Act. Therefore, the assessment framed u/s. 153A is invalid. Immediately, the ld. DR Shri M. Anil Kumar produced the assessment folder for verification of the ld. Representative for the assessee and submitted that search was conducted in the case of Smt. Asha Sunil and search warrant was also issued in her name. After verifying

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 46/COCH/2014[2003-04]Status: DisposedITAT Cochin30 Apr 2019AY 2003-04

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

section 153A of the Act. Therefore, the assessment framed u/s. 153A is invalid. Immediately, the ld. DR Shri M. Anil Kumar produced the assessment folder for verification of the ld. Representative for the assessee and submitted that search was conducted in the case of Smt. Asha Sunil and search warrant was also issued in her name. After verifying

SMT.ASHA MENON( ASHA SUNIL),COCHIN vs. THE ACIT(CEN,CIRCLE, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 595/COCH/2018[2007-08]Status: DisposedITAT Cochin30 Apr 2019AY 2007-08

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

section 153A of the Act. Therefore, the assessment framed u/s. 153A is invalid. Immediately, the ld. DR Shri M. Anil Kumar produced the assessment folder for verification of the ld. Representative for the assessee and submitted that search was conducted in the case of Smt. Asha Sunil and search warrant was also issued in her name. After verifying

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 47/COCH/2014[2004-05]Status: DisposedITAT Cochin30 Apr 2019AY 2004-05

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

section 153A of the Act. Therefore, the assessment framed u/s. 153A is invalid. Immediately, the ld. DR Shri M. Anil Kumar produced the assessment folder for verification of the ld. Representative for the assessee and submitted that search was conducted in the case of Smt. Asha Sunil and search warrant was also issued in her name. After verifying

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 50/COCH/2014[2007-08]Status: DisposedITAT Cochin30 Apr 2019AY 2007-08

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

section 153A of the Act. Therefore, the assessment framed u/s. 153A is invalid. Immediately, the ld. DR Shri M. Anil Kumar produced the assessment folder for verification of the ld. Representative for the assessee and submitted that search was conducted in the case of Smt. Asha Sunil and search warrant was also issued in her name. After verifying

SMT.ASHA MENON( ASHA SUNIL),COCHIN vs. THE ACIT(CEN,CIRCLE, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 596/COCH/2018[2008-09]Status: DisposedITAT Cochin30 Apr 2019AY 2008-09

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

section 153A of the Act. Therefore, the assessment framed u/s. 153A is invalid. Immediately, the ld. DR Shri M. Anil Kumar produced the assessment folder for verification of the ld. Representative for the assessee and submitted that search was conducted in the case of Smt. Asha Sunil and search warrant was also issued in her name. After verifying

SRI.O.G.SUNIL,COCHIN vs. DCIT, ERNAKULAM

In the result, the appeals of the assessee in ITA Nos

ITA 48/COCH/2014[2005-06]Status: DisposedITAT Cochin30 Apr 2019AY 2005-06

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

section 153A of the Act. Therefore, the assessment framed u/s. 153A is invalid. Immediately, the ld. DR Shri M. Anil Kumar produced the assessment folder for verification of the ld. Representative for the assessee and submitted that search was conducted in the case of Smt. Asha Sunil and search warrant was also issued in her name. After verifying

SARAMMA THOMAS THANKACHAN,KOLLAM vs. ITO, NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

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

ITA 839/COCH/2024[2016-17]Status: DisposedITAT Cochin16 May 2025AY 2016-17

Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessmentyear:2016-17 Saramma Thomas Thankachan Robin Cottage Nedumpaikulam Ito& Vs. Kundara Po Nfac, Kerala 691 501 Delhi Pan No :Audpt5972D Appellant Respondent Appellant By : Shri N.S. Panicker, A.R. Respondent By : Smt. Leena Lal, Sr. D.R. Date Of Hearing : 19.02.2025 Date Of Pronouncement : 16.05.2025 O R D E R Perkeshav Dubey: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of Cit(A)/Nfac Dated 9.8.2024 Vide Din & Order No.Itba/Nfac/S/250/2024-25/1067491706(1) For The Ay 2016- 17 Passed U/S 250 Of The Income Tax Act, 1961 (In Short “The Act”).

For Appellant: Shri N.S. Panicker, A.RFor Respondent: Smt. Leena Lal, Sr. D.R
Section 142(1)Section 147Section 148Section 249(3)Section 250Section 68

section 249(3) r.w.s. 250 of the Act as the assessee could not show any sufficient cause for delay in filing appeal before the ld. CIT(A)/NFAC. The ld. CIT(A) observed that the reasons cited by the assessee are not found tenable and thus the prayer for condonation of delay filed by the assessee is not admissible

BINDHUMOL CHANDRAN PILLAI CHANDRALAYAM,ALAPPUZHA vs. INCOME TAX OFFICER, WARD 1 & TPS, ALAPPUZHA

In the result, the appeal filed by the assessee stands partly allowed

ITA 215/COCH/2025[2017-18]Status: DisposedITAT Cochin16 May 2025AY 2017-18

Bench: Shri George George K., Vp & Shri Inturi Rama Rao, Am

For Appellant: Shri Mathew Joseph, CAFor Respondent: Smt. Leena Lal, Sr. D.R
Section 139(1)Section 147Section 148Section 250(6)

section 139(1) of the Income Tax Act, 1961 (the Act) was filed by the 2 Bindhumol Chandran Pillai appellant. However, the Income Tax Officer, Ward 1, Alappuzha (hereinafter called "the AO") formed an opinion that income escaped assessment to tax based on the information that the appellant made huge cash deposit to the tune