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2 results for “transfer pricing”+ Unexplained Cash Creditclear

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Key Topics

Section 1443Section 143(2)2Section 145(3)2Section 143(3)2Addition to Income2

SHRI GOVIND RATHI, PROP. GOVIND DALL MILL,HOSHANGABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE ITARSI, ITARSI

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

ITA 4/JAB/2019[2012-13]Status: DisposedITAT Jabalpur22 Oct 2021AY 2012-13

Bench: Sh. Sanjay Arora, Hon'Bleassessment Year: 2012-13 Govind Rathi, Dy. Cit, Vs. Circle – Itarsi, Prop: Govind Dall Mill

Section 143(3)Section 68

unexplained as to its source. The cash deposited in bank is presumably and, thus, again referable to the cash-in-hand at the beginning of the year (31.3.2011). This is again surprising considering that she maintains a paltry balance of Rs.7,583 in her bank account. In both the cases there is nothing on record to exhibit the source

M/S.ASIT DIXIT,JABALPUR vs. INCOME TAX OFFICER WARD2(2), JABALPUR

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

ITA 19/JAB/2020[2005-06]Status: Disposed
ITAT Jabalpur
07 Oct 2021
AY 2005-06

Bench: Sh. Sanjay Arora, Hon'Bleassessment Year : 2005-06 Asit Dixit, Income Tax Officer, Vs. Ward-2(2), Jabalpur (M.P.) Jabalpur [Pan: Aanfm 5798A] (Appellant) (Respondent) Appellant By Sh. Sanjay Seth, Ca Respondent By Sh. S.K. Halder, Sr. Dr Date Of Hearing 16/09/2021 Date Of Pronouncement 07/10/2021

Section 142(1)Section 143(2)Section 144Section 145(3)

unexplained and, thus, as its’ income, as explained by the Apex Court per its’ decisions, as in Kale Khan Mohd. Hanif v. CIT [1963] 6 Asit Dixit v. ITO 50 ITR 1 (SC); CIT v. Devi Prasad Vishwanath Prasad [1969] 72 ITR 194 (SC). This legal aspect, though to be fair was not canvassed before me, is yet clarified