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9 results for “section 68”+ Section 142A(6)clear

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Key Topics

Section 153A24Section 143(3)15Section 69B9Addition to Income9Section 142A6Section 1323Section 683Section 145(3)3Survey u/s 133A3House Property

THE DCIT (CENTRAL)-1, BHOPAL vs. M/S. SHRINIWAS EDUCATION SOCIETY, BHOPAL

ITA 480/IND/2018[14-15]Status: DisposedITAT Indore15 Dec 2023

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

Section 142ASection 143(3)Section 69B

68,80,857/- and 3,94,27,706/- respectively in those two assessment-years u/s on account of undisclosed investment in construction of building u/s 69B. Aggrieved, the assessee contested those additions in first-appeal before CIT(A) on legality as well as merit. The CIT(A) allowed assessee’s appeal on legality aspect without adjudicating merit. Now, the revenue

THE DCIT (CENTRAL)-1, BHOPAL vs. M/S. SHRINIWAS EDUCATION SOCIETY, BHOPAL

ITA 479/IND/2018[13-14]Status: DisposedITAT Indore15 Dec 2023

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

Section 142A
3
Unexplained Investment3
Section 69C2
Section 143(3)
Section 69B

68,80,857/- and 3,94,27,706/- respectively in those two assessment-years u/s on account of undisclosed investment in construction of building u/s 69B. Aggrieved, the assessee contested those additions in first-appeal before CIT(A) on legality as well as merit. The CIT(A) allowed assessee’s appeal on legality aspect without adjudicating merit. Now, the revenue

M/S CENTURY 21 MALLS P. LTD.,INDORE vs. THE ACIT 2(1), INDORE

In the result, all appeals of the Revenue are dismissed, while all appeals of the assessee are allowed

ITA 949/IND/2016[2011-12]Status: DisposedITAT Indore23 Feb 2023AY 2011-12

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 143(3)Section 145(3)Section 153ASection 68

68 of the IT Act whereas credit worthiness of the creditors was not proved either at the time of assessment or at the time of appellate proceedings. 3. Ld. CIT (A) erred is not considering the fact that financials of most of the creditors is question are having no capital, no funds and no income to provide funds

THE DCIT, 2(1), INDORE vs. M/S. CENTURE 21 MALL PVT. LTD., INDORE

In the result, all appeals of the Revenue are dismissed, while all appeals of the assessee are allowed

ITA 952/IND/2016[2011-12]Status: DisposedITAT Indore23 Feb 2023AY 2011-12

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 143(3)Section 145(3)Section 153ASection 68

68 of the IT Act whereas credit worthiness of the creditors was not proved either at the time of assessment or at the time of appellate proceedings. 3. Ld. CIT (A) erred is not considering the fact that financials of most of the creditors is question are having no capital, no funds and no income to provide funds

THE DCIT-2(1), INDORE vs. M/S. CENTURY 21 MALL (P) LTD., INDORE

In the result, all appeals of the Revenue are dismissed, while all appeals of the assessee are allowed

ITA 255/IND/2017[2012-13]Status: DisposedITAT Indore23 Feb 2023AY 2012-13

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 143(3)Section 145(3)Section 153ASection 68

68 of the IT Act whereas credit worthiness of the creditors was not proved either at the time of assessment or at the time of appellate proceedings. 3. Ld. CIT (A) erred is not considering the fact that financials of most of the creditors is question are having no capital, no funds and no income to provide funds

M/S S.D.BANSAL IRON & STEEL P LTD ,BHOPAL vs. DCIT,CENTRAL-1, BHOPAL

Appeals are partly allowed for statistical purposes

ITA 170/IND/2020[2012-13]Status: DisposedITAT Indore15 May 2023AY 2012-13

Bench: Shri Chandra Mohan Garg & Shri B.M. Biyani

Section 143(3)Section 69BSection 69C

142A read with section 131(1)(d) for estimation of the value of investment in plant and machinery, whereupon the DVO estimated value at Rs. 6,56,10,200/-. Thereafter, the Ld. AO worked out the difference of two figures, viz. (i) investment of Rs. 5,95,00,000/- declared by assessee in books of account and (ii) value

THE ACIT, CENTRAL-2, INDORE vs. M/S. CHUGH REALTY, INDORE

In the result, the appeals of the Revenue for the A

ITA 238/IND/2017[2013-14]Status: DisposedITAT Indore23 Aug 2021AY 2013-14

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

section 50C of the Act. 33 Mohanlal Chugh & others Therefore, we are of the considered opinion that the Assessing Officer has made the additions purely on his guess work and surmises which do not have any basis whatsoever. We find ourselves in full agreement with the findings of the Ld. CIT(A). Accordingly, the action

THE ACIT, CENTRAL-2, INDORE vs. SHRI NITESH CHUGH, INDORE

In the result, the appeals of the Revenue for the A

ITA 122/IND/2017[2013-14]Status: DisposedITAT Indore23 Aug 2021AY 2013-14

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

section 50C of the Act. 33 Mohanlal Chugh & others Therefore, we are of the considered opinion that the Assessing Officer has made the additions purely on his guess work and surmises which do not have any basis whatsoever. We find ourselves in full agreement with the findings of the Ld. CIT(A). Accordingly, the action

THE ACIT, CENTRAL-2, INDORE vs. SHRI MOHANLAL CHUGH, INDORE

In the result, the appeals of the Revenue for the A

ITA 239/IND/2017[2013-14]Status: DisposedITAT Indore23 Aug 2021AY 2013-14

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad(Virtual Hearing)

section 50C of the Act. 33 Mohanlal Chugh & others Therefore, we are of the considered opinion that the Assessing Officer has made the additions purely on his guess work and surmises which do not have any basis whatsoever. We find ourselves in full agreement with the findings of the Ld. CIT(A). Accordingly, the action