ABCI INFRASTRUCTURES PRIVATE LIMITED,KOLKATA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUWAHATI

In the result, the appeal of the assessee is allowed, whereas the appeal of the Revenue is dismissed

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

45,159/-. In this re-assessment order, the ld. Assessing Officer has disallowed a sum of Rs.71,40,599/- on the ground that excess depreciation was claimed by the assessee for this assessment year. The ld. Assessing Officer thereafter again issued notice under section 148 of the Income Tax Act on 26.03.2021. The ld. Assessing Officer has passed

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

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

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

AGRIM INFRAPROJECT PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

In the result, this appeal of the assessee i

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

68,30,300 2. VISHNU KANT CHOKHANI KAILASH AUTO FINANCE LTD. 1,41,27,050 3. KAVITA CHOKHANI KAILASH AUTO FINANCE LTD. 1,67,82,500 4. KAMLA DEVI CHOKHANI KAILASH AUTO FINANCE LTD. 1,67,12,210 5. BRAHMADUTT CHOKHANI AND KAILASH AUTO FINANCE LTD. 1,66,75,000 SONS (HUF) 6. VISHNU CHOKHANI AND SONS KAILASH AUTO FINANCE

AGRIM INFRAPROJECT PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

In the result, this appeal of the assessee i

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

68,30,300 2. VISHNU KANT CHOKHANI KAILASH AUTO FINANCE LTD. 1,41,27,050 3. KAVITA CHOKHANI KAILASH AUTO FINANCE LTD. 1,67,82,500 4. KAMLA DEVI CHOKHANI KAILASH AUTO FINANCE LTD. 1,67,12,210 5. BRAHMADUTT CHOKHANI AND KAILASH AUTO FINANCE LTD. 1,66,75,000 SONS (HUF) 6. VISHNU CHOKHANI AND SONS KAILASH AUTO FINANCE

AGRIM INFRAPROJECT PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

In the result, this appeal of the assessee i

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

68,30,300 2. VISHNU KANT CHOKHANI KAILASH AUTO FINANCE LTD. 1,41,27,050 3. KAVITA CHOKHANI KAILASH AUTO FINANCE LTD. 1,67,82,500 4. KAMLA DEVI CHOKHANI KAILASH AUTO FINANCE LTD. 1,67,12,210 5. BRAHMADUTT CHOKHANI AND KAILASH AUTO FINANCE LTD. 1,66,75,000 SONS (HUF) 6. VISHNU CHOKHANI AND SONS KAILASH AUTO FINANCE

D.C.I.T., CIRCLE-1, DIBRUGARH vs. BACHH RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. HANS RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE-1, DIBRUGARH vs. BACHH RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE-1, DIBRUGARH vs. PRAMOD KUMAR BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE-1, DIBRUGARH vs. VINOD BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

DCIT, CIRCLE-1, DIBRUGARH vs. BAJRANG LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

DCIT, CIRCLE-1, DIBRUGARH vs. BAJRANG LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. HANS RAJ BAMALWA (HUF), DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. USHA BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. MEENAKSHI BAMALWA SONI, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. BHAGWATI DEVII BAMALWA , DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. VISHAL BAMALWA , DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge

D.C.I.T., CIRCLE-1, DIBRUGARH vs. VINAY BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

45 (SC) CO Nos. 6 to 21/GAU/2023 (in ITA Nos. 51 to 66/GAU/2023) (iii) CIT Vs. Orissa Corporation (P) Ltd. (1986) 159 ITR 78 (SC) 3.4 The Law on Section 68 fixes the burden of proof on the Assessee to prove the nature and source of credit appearing in his books. If the Assessee is able to discharge