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5 results for “section 68”+ Section 173clear

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Key Topics

Section 40A(3)5Addition to Income5Section 143(3)4Section 684Section 1533Section 153A3Section 142(1)3Section 1322Section 143(2)2Unexplained Cash Credit

ITO, WARD, PHALODI, PHALODI vs. M/S RAMA ALLURE LLP, JODHPUR

In the result, appeal of the revenue is dismissed

ITA 135/JODH/2023[2020-21]Status: DisposedITAT Jodhpur09 Oct 2023AY 2020-21

Bench: The Date, The Appeal Is Finally Heard.”

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

section 68. For taxing loan creditors u/s 68, the assessee is required to prove: (a) Identity of creditor (b) Genuineness of transaction; and (c) Creditworthiness of creditor. Once an assessee has submitted the documents such as (i) PAN, (ii) income-tax returns of creditors, (iii) the details of bank accounts through and to which the loan amount has passed

SHRI BHANWAR LAL,JODHPUR vs. DCIT, CENTRAL CIRCLE-1, JODHPUR

In the result the appeals of the assessee ITA Nos

ITA 417/JODH/2025[2012-13]Status: Disposed
2
Deduction2
ITAT Jodhpur
26 Jun 2025
AY 2012-13
For Appellant: Shri Rajendra Jain, AdvocateFor Respondent: Shri Ajey Malik, CIT-DR
Section 132Section 132(4)Section 143(3)Section 153Section 153ASection 68

68 of the Income Tax Act 1961 on account of unaccounted cash loans\nand added to the total income of the assessee for the A.Y. 2019-20.\nPenalty proceedings u/s 271AAB(1A) are also initiated for misreporting of interest income\nearned on advancement of cash loan.\n(Addition of Rs. 33,47,041/-)”\n(Emphasis supplied)\n3.4. That

ASST COMMISSIONER OF INCOME TAX, BIKANER vs. MUKESH SHAH, SRIGANGANAGAR

In the result, the appeal of the revenue is dismissed

ITA 399/JODH/2023[2017-18]Status: DisposedITAT Jodhpur08 Jan 2025AY 2017-18

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 24

68 r.w.s. 115BBE of the IT Act, 1961 @ 60% by the ld. AO. 3.3 Ld. AO also noted from the computation of income filed that the assessee has claimed Short Term Capital Gain of Rs. 17,19,605/- on account of sale of immovable properties. Ld. AO considering the fact that the assessee engaged in the business of real estate

ACIT, CIRCLE, PALI vs. SHAHNAVAJ NAJIK L.H OF LATE SH. IQBAL NAJIK, PALI

In the result, the appeal filed by the revenue is treated as allowed for statistical purposes

ITA 92/JODH/2020[2013-14]Status: DisposedITAT Jodhpur05 Apr 2023AY 2013-14

Bench: Shri B. R. Baskaran & Dr. S. Seethalakshmithe Acit Vs Shri Shahnavaj Najik Circle-Pali L/H Of Late Shri Iqbal Najik 173, Ashapura Nagar, Pali (Appellant) (Respondent) Pan No. Aalpn 5861 D

Section 40A(3)Section 68

173, Ashapura Nagar, Pali (Appellant) (Respondent) PAN NO. AALPN 5861 D Shri N.R. Mertia, CA Assessee By Revenue By Ms. Nidhi Nair, JCIT-DR Date of hearing 17/01/2023 Date of 05/04/2023 Pronouncement O R D E R Dr. S. SEETHALAKSHMI, JM The Revenue has filed this appeal challenging the order passed by Ld CIT(A)-1, Jodhpur for the assessment

INDU BALA PORWAL,UDAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRE CIRCLE-1, UDAIPUR, UDAIPUR

In the result, ground no 5, 9 and 11 appeal is also allowed in favor as indicated above

ITA 173/JODH/2023[2014-15]Status: DisposedITAT Jodhpur18 Jun 2025AY 2014-15

Bench: DR. MITHA LAL MEENA (Accountant Member), DR. S. SEETHALAKSHMI (Judicial Member)

Section 132Section 153Section 153ASection 250

173 TTJ 332 (Mum.) Hon’ble ITAT Mumbai Bench in case of I.T.A. No. 6656/Mum/2017 Arch Pharmalabs Ltd & Arch Impex P. Ltd. 13. On the contrary, the Ld. DR has objected and placed reliance on Order of Ld. CIT(A) at para no. 100-101. He has further asserted that assessment proceedings commenced from 03.02.2020 with issuance of notice