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3 results for “house property”+ Undisclosed Incomeclear

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Key Topics

Section 143(3)3Section 271D3Addition to Income3Section 269S2Cash Deposit2

SHRI SUBHASH KUMAR AAHI,SATNA vs. ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-SATNA, SATNA

In the result, the appeal is partly allowed

ITA 24/JAB/2019[2013-14]Status: DisposedITAT Jabalpur12 Dec 2025AY 2013-14

Bench: Shri Kul Bharatshri Nikhil Choudhary

For Respondent: Shri N.M. Prasad, Sr. DR 1
Section 143(3)Section 250

undisclosed investment in shop and addition of Rs.14,22,456/- made on this account, the learned ARs took us to the registry of purchase contained on pages 138 to 205 of the paper book filed on 12.03.2021, so as to demonstrate that assessee had purchased a commercial property which was a three-storey building at a total consideration of Rs.22.00

KAILASH CHAND AGRAWAL,SATNA vs. INCOME TAX OFFICER WARD-1, , SATNA

The appeal of the assessee stands allowed for statistical purposes

ITA 47/JAB/2023[2013-14]Status: Disposed
ITAT Jabalpur
21 Jul 2023
AY 2013-14

Bench: Shri Sudhanshu Srivastava & Shri Anadee Nath Misshraassessment Year: 2013-14 Kailash Chand Agrawal, Vs. Income Tax Officer, 51, Pili Building Company Bag, Ward-1, Satna. Satna Pan : Ajlpa 3500B (Appellant) (Respondent) Appellant By Shri Dhiraj Ghai, Ca Respondent By Shri Ravi Mehrotra, Sr. Dr Date Of Hearing 10/07/2023 Date Of Pronouncement 21/07/2023

property reported in AIR, large cash deposit”. Thereafter, the assessment was completed at an income of Rs.49,67,801/- after making an addition of Rs.7,51,520/- on account of capital gains and further addition of Rs.24,00,771/- on account of undisclosed investment in house

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE- SATNA vs. SHRI JAMMU BEG,

In the result, the levy of penalty is cancelled and the appeal of the appellant is allowed

ITA 196/JAB/2016[2012-13]Status: FixedITAT Jabalpur20 Sept 2023AY 2012-13

Bench: Shri Om Prakash Kant & Shri Pavan Kumar Gadaleacit, Vs. Shri Jammu Beg, Satna, M/S Mirza Transport, Madhya Pradesh. Main Road, Waidhan, Singrauli. Madhya Pradesh.

For Appellant: NoneFor Respondent: Shri Shravan Kumar Gotru, CIT-DR
Section 143(2)Section 143(3)Section 269SSection 271D

house. In normal course, the exigency in making cash payments for such expenses cannot be ruled out Where the explanation of the assessee that violation of provisions of s. 269SS was due to certain bona fide belief of the assessee is found to be acceptable, penalty under s 27D is untenable. [CIT vs. Saini Medical Store