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7 results for “section 68”+ Section 234B(1)clear

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Key Topics

Section 6816Section 234B11Section 234C8Section 143(3)6Addition to Income6Section 2504Section 1484Capital Gains3Section 234A2Section 143(1)

SHRI PRABHUDAYAL BERIWAL,JYOTINAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, DIBRUGARH

ITA 93/GTY/2024[2014-15]Status: DisposedITAT Guwahati25 Jun 2025AY 2014-15

Bench: SHRI MANOMOHAN DAS, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

Section 148Section 234ASection 234BSection 234CSection 250Section 68Section 69A

section 68 of the Act. 1.2 Further aggrieved, the assessee has filed the present appeal with the following grounds: “1. For that the Additional/Joint/Deputy/Assistant Commissioner of Income tax erred in law and fact of the case while making addition u/s 68 for unsecured loan of Rs 1,11,00,000 taken from Premsagar Commercial Private Limited 2. For that

2
Undisclosed Income2
Reassessment2

INDER CHAND SAND,SILCHAR vs. INCOME TAX OFFICER, WARD-2, SILCHAR

In the result, both the appeals filed by the assessees in ITA

ITA 49/GTY/2020[2015-16]Status: DisposedITAT Guwahati23 Dec 2022AY 2015-16

Bench: Sri Rajpal Yadav(Kz) & Dr. Manish Borad

Section 143(3)Section 250Section 68

section 68 of the Act. 13. That the authorities below erred in refusing to grant the beneficial treatment provided under the Act of the Capital gains earned by the assessee from the transfer of shares in M/s. Pine Animations Limited of Rs. 58.96.530/-. Page 3 of 15 I.T.A. Nos.: 49 & 51/Gty/2020 Assessment Year: 2015-16 Inderchand Sand & Saroj Devi

SAROJ DEVI SAND,SILCHAR vs. INCOEM TAX OFFICER, WARD-3, SILCHAR

In the result, both the appeals filed by the assessees in ITA

ITA 51/GTY/2020[2015-16]Status: DisposedITAT Guwahati23 Dec 2022AY 2015-16

Bench: Sri Rajpal Yadav(Kz) & Dr. Manish Borad

Section 143(3)Section 250Section 68

section 68 of the Act. 13. That the authorities below erred in refusing to grant the beneficial treatment provided under the Act of the Capital gains earned by the assessee from the transfer of shares in M/s. Pine Animations Limited of Rs. 58.96.530/-. Page 3 of 15 I.T.A. Nos.: 49 & 51/Gty/2020 Assessment Year: 2015-16 Inderchand Sand & Saroj Devi

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- JORHAT, JORHAT vs. M/S. TOOR FINANCE COMPANY LTD,, JORHAT

In the result, the appeal of the Revenue is dismissed

ITA 305/GTY/2018[2010-11]Status: DisposedITAT Guwahati20 Sept 2022AY 2010-11

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 143(1)Section 147Section 148

234B, 234C and 234D of the Act according to law. Penalty proceedings u/s 271(1)(c0 have been initiated separately by issue of notice u/s 274. (B.V. GERANGAL) Income Tax Officer, Ward-25(3), New Delhi”. 4 M/s. Toor Finance Company Limited 5. We find that the ld. Assessing Officer has made two additions, namely Rs.8

SMT. SARAJ DEVI BAWRI ,DIMAPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - DIMAPUR , DIMAPUR

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

ITA 226/GTY/2017[2011-12]Status: DisposedITAT Guwahati04 Sept 2019AY 2011-12

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 139(5)Section 143(3)Section 148Section 208Section 234BSection 234C

68,745 equity shares on the basis of a sap ratio of 1:3.80. Since assessee did not receive any consideration in cash she filed her return without computing any capital gains. During the FY 2013-14 the assessee when made aware that the said 2 Smt. Saroj Devi Bawri., AY- 2011-12 transaction may attract capital gain tax liability

RANEE NARAH,GUWAHATI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

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

ITA 84/GTY/2020[2016-17]Status: DisposedITAT Guwahati23 Apr 2025AY 2016-17

Bench: Shri Manomohan Das & Shri Rakesh Mishra

Section 143(3)Section 234ASection 234BSection 234CSection 250Section 68Section 69

1. For that, the Assessment order passed u/s 143(3) is not based on correct facts and findings and is erroneous on points of law. 2. For that the learned Assessing Officer is not justified in converting the limited scrutiny case into complete scrutiny case without any approval of higher authority as per provision of the Act and Learned

SHRI SANJIBUR RAHMAN,AGARTALA vs. INCOME TAX OFFICER, WARD-3, AGARTALA

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

ITA 249/GTY/2018[2015-16]Status: DisposedITAT Guwahati30 Mar 2023AY 2015-16

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

1 is dismissed”. 5. A perusal of the above finding would reveal that there was huge deposits of Rs.3,98,68,655/- in the Bank account of the assessee. The ld. Assessing Officer has treated the net amount as undisclosed business receipt at Rs.3,1177,632/-. On this amount, he estimated the profit at 8% and made an addition