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12 results for “disallowance”+ Section 56(2)(viia)clear

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Key Topics

Section 26330Section 36(1)(vii)12Section 271(1)(c)9Section 143(3)8Section 36(1)(viia)8Section 56(2)(viib)6Capital Gains6Long Term Capital Gains6Disallowance

DHIRENDRA INTERNATIONAL (P) LTD.,NEEMUCH vs. PR. CIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

ITA 750/IND/2019[2014-15]Status: DisposedITAT Indore13 Jan 2021AY 2014-15

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Borad

Section 263Section 56(2)(viib)

viia). On this basis the order u/s 143(3) has been held to be erroneous and prejudicial to the interest of the revenue. 50. Before the Ld. PCIT it was submitted that the shares are valued as per Rule 11 UA and thus, the order is not erroneous. It was specifically submitted in para 7 of the submissions that

SHRI MANISH MUNDRA,INDORE vs. PCIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

ITA 635/IND/2019[2014-15]Status: DisposedITAT Indore13 Jan 2021AY 2014-15

Hon’Ble Kul Bharat & Hon’Ble Manish Borad

5
Addition to Income5
Deduction5
Section 1473
Bench:
Section 263Section 56(2)(viib)

viia). On this basis the order u/s 143(3) has been held to be erroneous and prejudicial to the interest of the revenue. 50. Before the Ld. PCIT it was submitted that the shares are valued as per Rule 11 UA and thus, the order is not erroneous. It was specifically submitted in para 7 of the submissions that

SHRI MANOJ MUNDRA,INDORE vs. PCIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

ITA 637/IND/2019[2014-15]Status: DisposedITAT Indore13 Jan 2021AY 2014-15

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Borad

Section 263Section 56(2)(viib)

viia). On this basis the order u/s 143(3) has been held to be erroneous and prejudicial to the interest of the revenue. 50. Before the Ld. PCIT it was submitted that the shares are valued as per Rule 11 UA and thus, the order is not erroneous. It was specifically submitted in para 7 of the submissions that

M/S. CHARITRA GOLD PVT. LTD.,RATLAM vs. THE PR. CIT, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

ITA 517/IND/2019[2014-15]Status: DisposedITAT Indore13 Jan 2021AY 2014-15

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Borad

Section 263Section 56(2)(viib)

viia). On this basis the order u/s 143(3) has been held to be erroneous and prejudicial to the interest of the revenue. 50. Before the Ld. PCIT it was submitted that the shares are valued as per Rule 11 UA and thus, the order is not erroneous. It was specifically submitted in para 7 of the submissions that

SHRI ADITYA MUNDRA,DEWAS vs. PCIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

ITA 632/IND/2019[2014-15]Status: DisposedITAT Indore13 Jan 2021AY 2014-15

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Borad

Section 263Section 56(2)(viib)

viia). On this basis the order u/s 143(3) has been held to be erroneous and prejudicial to the interest of the revenue. 50. Before the Ld. PCIT it was submitted that the shares are valued as per Rule 11 UA and thus, the order is not erroneous. It was specifically submitted in para 7 of the submissions that

SHRI GOVIND DAS MUNDRA,INDORE vs. PCIT UJJAIN, UJJAIN

In the result all the appeals of the assessee(s) (i) Shri Aditya

ITA 634/IND/2019[2014-15]Status: DisposedITAT Indore13 Jan 2021AY 2014-15

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Borad

Section 263Section 56(2)(viib)

viia). On this basis the order u/s 143(3) has been held to be erroneous and prejudicial to the interest of the revenue. 50. Before the Ld. PCIT it was submitted that the shares are valued as per Rule 11 UA and thus, the order is not erroneous. It was specifically submitted in para 7 of the submissions that

MADHYA PRADESH COUNSALTANCY ORGANISATION LIMITED,BHOPAL vs. ASSISTANT COMMISSIONER OF INCOME TAX 2(1), BHOPAL, BHOPAL

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

ITA 461/IND/2017[2013-14]Status: DisposedITAT Indore13 Sept 2019AY 2013-14

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2013-14 M/S M.P. Consultancy Acit-2(1) बनाम/ Organization Ltd., Bhopal Vs. Block -2, 3Rd Floor Paryawas Bhawan, Arera Hills Bhopal (Appellant) (Revenue) Pan: Aabcm0090J Appellant By Shri M.K. Sharma, Ca Revenue By Smt. Vineeta Dube, Sr. Dr Date Of Hearing: 21.08.2019 Date Of Pronouncement: 13 .09.2019 आदेश / O R D E R Per Manish Borad, A.M: This Appeal At The Instance Of Assessee Pertaining To A.Y. 2013-14 Is Directed Against The Order Of Ld. Commissioner Of Income Tax(Appeals)-I, Bhopal, (In Short ‘Cit(A)’), Dated 30.03.2017 Which Is Arising Out Of The Order U/S 143(3) Of The Income Tax Act 1961(Hereinafter Called As The ‘Act’) Framed On 23.-2.2016 By Acit- 2(1), Bhopal.

Section 143(2)Section 143(3)Section 2(24)(x)Section 224Section 271(1)(c)Section 36Section 37Section 56

viia) as per Rs.13,04,862/- para 3.6 Add: Income from Punjab National Bank not Rs.18,35,393/- offered to tax as per para 4.5 Assessed Total Income (Rounded off) Rs.1,17,71,160/- 3. Aggrieved assessee preferred an appeal before the Ld. CIT(A) but failed to succeed. 4. Now the assessee is in appeal before the Tribunal raising

M/S. NARMADA MALWA GRAMIN BANK,INDORE vs. THE ACIT-3(1), INDORE

In the result, appeal of the assessee is allowed

ITA 95/IND/2016[2008-09]Status: DisposedITAT Indore03 May 2018AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year : 2008-09 Acit- 3(1) M/S. Narmada Malwa Gramin Indore Bank, बनाम/ 201, Arcade Silver, 56 Shops, New Vs. Palasia, Indore (M.P.) (Revenue ) (Respondent) P.A. No. Aaccn2847F Assessment Year: 2008-09

Section 143(3)Section 271(1)(c)Section 36(1)Section 36(1)(vii)Section 36(1)(viia)

56 Vs. Shops, New Palasia, Indore (M.P.) (Appellant) (Revenue ) P.A. No. AACCN2847F Appellant by Shri S.S. Deshpande CA Revenue by Shri Lal Chand CIT Date of Hearing: 26.04.2018 Date of Pronouncement: 04 .05.2018 आदेश / O R D E R PER MANISH BORAD, A.M: These cross appeals filed by the Revenue and assessee pertaining to A.Y. 2008-09 are directed against

THE ACIT-3(1), INDORE vs. M/S. NARMADA MALWA GRAMIN BANK, INDORE

In the result, appeal of the assessee is allowed

ITA 81/IND/2016[2008-09]Status: DisposedITAT Indore03 May 2018AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year : 2008-09 Acit- 3(1) M/S. Narmada Malwa Gramin Indore Bank, बनाम/ 201, Arcade Silver, 56 Shops, New Vs. Palasia, Indore (M.P.) (Revenue ) (Respondent) P.A. No. Aaccn2847F Assessment Year: 2008-09

Section 143(3)Section 271(1)(c)Section 36(1)Section 36(1)(vii)Section 36(1)(viia)

56 Vs. Shops, New Palasia, Indore (M.P.) (Appellant) (Revenue ) P.A. No. AACCN2847F Appellant by Shri S.S. Deshpande CA Revenue by Shri Lal Chand CIT Date of Hearing: 26.04.2018 Date of Pronouncement: 04 .05.2018 आदेश / O R D E R PER MANISH BORAD, A.M: These cross appeals filed by the Revenue and assessee pertaining to A.Y. 2008-09 are directed against

M/S NARMADA JHABUA GRAMIN BANK,INDORE vs. DYPTI COMMISSIONER OF INCOME TAX, 3(1),INDORE, INDORE

In the result the appeal of the assessee is dismissed

ITA 549/IND/2017[2014-15]Status: DisposedITAT Indore12 Oct 2018AY 2014-15

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2014-15

Section 143(3)Section 254(2)Section 36Section 36(1)(vii)Section 36(1)(viia)

56 Shops, Indore (Appellant) (Respondent ) PAN No.AABAN6105D Revenue by Shri Lal Chand, CIT Assessee by Shri S.S. Deshpande,C.A Date of Hearing 11.10.2018 Date of Pronouncement 12.10.2018 O R D E R PER MANISH BORAD, AM. This appeal of Assessee pertaining to A.Y. 2014-15 is directed against the order of Ld. Commissioner of Income Tax(Appeals)-I, Indore

THE DCIT-3(1), INDORE vs. M/S. NARMADA MALWA GRAMIN BANK, INDORE

In the result, the appeal filed by the revenue is

ITA 300/IND/2018[2008-09]Status: DisposedITAT Indore22 Nov 2019AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2008-09 Dcit-3(1) M/S. Narmada Malwa Gramin Indore Bank बनाम/ 201, Arcade Silver, 56 Shops, Vs. Indore (Appellant) (Revenue ) P.A. No.Aaccn2847F

Section 143(3)Section 147Section 36(1)(vii)Section 36(1)(viia)Section 369(1)(viia)Section 40Section 43B

56 Shops, Vs. Indore (Appellant) (Revenue ) P.A. No.AACCN2847F Appellant by Smt. Ashima Gupta, D.R. Respondent by Shri S.K. Deshpande, A.R. Date of Hearing: 19.11.2019 Date of Pronouncement: 22.11.2019 आदेश / O R D E R PER KUL BHARAT, J.M: This appeal by the revenue is directed against order of the CIT(A)-1, Indore dated 15.1.2018 pertaining to the assessment year

JAHRNESHWAR NAGRIK SAHKARI BANK LTD,BHOPAL vs. ACIT 2 (1), BHOPAL

In the result appeal of the assessee is allowed for statistical purposes

ITA 460/IND/2018[13-14]Status: DisposedITAT Indore27 Jan 2020

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2013-14 Jharneshwar Nagrik Acit-2(1) Sahkari Bank Ltd. Vs. Bhopal Bhopal (Appellant) (Revenue ) Pan No.Aaaaj9690E Appellant By Shri Anil Kamal Garg & Arpit Gour, Ar Revenue By Shri Puneet Kumar, Sr. Dr Date Of Hearing 22.01.2020 Date Of Pronouncement 28.01.2020

Section 143(3)Section 41Section 41(1)(a)

2(1), Bhopal. 1a). That, the learned CIT(A) grossly erred, both on facts and in law, in confirming the addition of Rs.1,29,56,000/- made by the AO under s.41(1)(a) of the Act without properly considering and appreciating the explanations of the appellant made before him. Ib). That, the learned CIT(A) grossly erred, both