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12 results for “section 68”+ Unexplained Moneyclear

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Delhi2,965 Mumbai2,714 Kolkata1,163 Chennai755 Jaipur722 Ahmedabad603 Bangalore523 Hyderabad461 Chandigarh315 Indore303 Pune290 Surat263 Rajkot179 Cochin175 Raipur153 Visakhapatnam152 Nagpur148 Lucknow90 Guwahati90 Amritsar77 Cuttack55 Agra54 Calcutta54 Allahabad49 Patna48 Jodhpur48 Panaji35 Ranchi25 Jabalpur20 Dehradun17 Varanasi13 Karnataka12 Telangana12 SC8 Rajasthan4 Orissa3 Gauhati2 ASHOK BHAN DALVEER BHANDARI2 Punjab & Haryana1

Key Topics

Section 26033 Section 14810 Section 685 Section 139(1)5 Section 1535 Section 10(22)5 Revision u/s 2635 Section 143(1)2 Section 143(3)2 Addition to Income

M/S. DEEPAK EXTRUSIONS PVT LTD vs. THE DEPUTY COMMISSIONER OF INCOME TAX

WP/16380/2015HC Karnataka10 Feb 2017

Bench: The Hon’Ble Mr.Justice Raghvendra S. Chauhan

Section 132Section 139Section 143Section 143(1)Section 147Section 68

money, as unexplained cash credit, under Section 68 of the Income Tax Act, 1961 (`Act’ for short). 2. Briefly the facts

M/S FIDELITY BUSINESS SERVICES INDIA PVT LTD vs. ASSISTANT COMMISSIONER OF INCOME TAX

ITA/512/2017HC Karnataka

2

Unexplained Cash Credit2

23 Jul 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 2(22)(e)Section 254Section 260

unexplained income of the Assessee under Section 69- A of the Act, a different provision. In the appeal filed before the High Court, the Division Bench of the Allahabad High Court held in para-15 that the use of Date of Judgment :23-07-2018 I.T.A.No.512/2017 M/s. Fidelity Business Services India Pvt. Ltd., Vs. Assistant Commissioner of Income

THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/s. KHYATHI STEEL INDUSTRIES PVT. LTD.,

In the result, we pass the following:

ITA/85/2020HC Karnataka04 Jul 2023

Bench: P.S.DINESH KUMAR,T.G. SHIVASHANKARE GOWDA

Section 143(1)Section 143(2)Section 260Section 68

68 of the Income Tax Act is discharged by the assessee?" 2. After hearing Shri E.I. Sanmathi, learned standing Counsel for Revenue and learned Senior Advocate Shri A. Shankar, for the assessee, in our opinion, only the following question arises for consideration in this appeal and with the consent of learned Advocates for the parties, we have framed the following

M/S GARDEN CITY EDUCATION vs. THE DEPUTY DIRECTOR

In the result, the following:

ITA/66/2017HC Karnataka28 Oct 2022

Bench: P.S.DINESH KUMAR,UMESH M ADIGA

Section 10Section 10(22)Section 11Section 12ASection 260

unexplained Cash credit under Section 68 of the IT Act. 16. Thus, the Stand taken by the assessee that contributions were received only from the students has been rightly rejected by the Assessing Officer. Further, the cash balance of Rs.1.30 Crores at the peak with petty cash being drawn on daily basis fortifies the view taken by the Assessing Officer

M/S. DEEPAK EXTRUSIONS PVT. LTD., vs. THE DEPUTY COMMISSIONER OF INCOME TAX

WP/33125/2017HC Karnataka20 Feb 2018

Bench: The Hon’Ble Dr.Justice Vineet Kothari W.P.No.33125/2017 (T-It) Between

Section 143(3)Section 144Section 145(3)Section 68

unexplained cash credits’ U/s. 68 of the Act amounting to ` ` ` ` 10.49 Crores. The relevant extract of the impugned order giving the reasons for the same is quoted below for ready reference: 3.8 Going through the above, it is seen that in spite of giving several opportunities, the assessee has not proved the sources for the cash receipts totaling Rs.10

SRI MOHAN M MEHARWADE vs. THE INCOME TAX OFFICER

The appeal Is allowed in part

ITA/5022/2010HC Karnataka20 Jan 2012

Bench: K.SREEDHAR RAO,A.S.BOPANNA

68 of the Act as discussed above 2. Unexplained marriage expenditure Rs. 2.35.000 treated as income u Is 69C of the Act as discussed above 3 Income from lv Network Rs 65 000 4. hiconie fiom Other Sources - R.’. 2.00.000 UndLsc’Io%ed interest hicome as discussed abm e TOTAL It’. 16.11.890 5 rnpianec credit

COMMISSIONER OF INCOME TAX vs. S.PARVATHI MADHAVA

The appeals are allowed

ITA/5037/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

68,765/- `75,35,23,140/- Smt. S.M.Parvathi `11,79,54,693/- `41,07,23,368/- Sri.S.Madhava (HUF) `4,37,24,300/- `12,05,96,382/- The enquiries with the purchasers and perusal of their bank accounts reveal that the assessee has followed a circuitous method of transferring money from one account to other on the same day without

COMMISSIONER OF INCOME TAX vs. S.MADHAVA (HUF)

The appeals are allowed

ITA/5036/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

68,765/- `75,35,23,140/- Smt. S.M.Parvathi `11,79,54,693/- `41,07,23,368/- Sri.S.Madhava (HUF) `4,37,24,300/- `12,05,96,382/- The enquiries with the purchasers and perusal of their bank accounts reveal that the assessee has followed a circuitous method of transferring money from one account to other on the same day without

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

The appeals are allowed

ITA/5035/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

68,765/- `75,35,23,140/- Smt. S.M.Parvathi `11,79,54,693/- `41,07,23,368/- Sri.S.Madhava (HUF) `4,37,24,300/- `12,05,96,382/- The enquiries with the purchasers and perusal of their bank accounts reveal that the assessee has followed a circuitous method of transferring money from one account to other on the same day without

COMMISSIONER OF INCOME TAX vs. S.MADHAVA (HUF)

The appeals are allowed

ITA/5038/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

68,765/- `75,35,23,140/- Smt. S.M.Parvathi `11,79,54,693/- `41,07,23,368/- Sri.S.Madhava (HUF) `4,37,24,300/- `12,05,96,382/- The enquiries with the purchasers and perusal of their bank accounts reveal that the assessee has followed a circuitous method of transferring money from one account to other on the same day without

COMMISSIONER OF INCOME TAX vs. S.MADHAVA, M/S BELLARY STEEL ROLING MILLS,

The appeals are allowed

ITA/5034/2009HC Karnataka13 Aug 2012

Bench: N.KUMAR,H.S.KEMPANNA

Section 139(1)Section 148Section 153Section 260

68,765/- `75,35,23,140/- Smt. S.M.Parvathi `11,79,54,693/- `41,07,23,368/- Sri.S.Madhava (HUF) `4,37,24,300/- `12,05,96,382/- The enquiries with the purchasers and perusal of their bank accounts reveal that the assessee has followed a circuitous method of transferring money from one account to other on the same day without

THE MANGALORE ELECTRICITY SUPPLY COMPANY LTD., vs. SRI A CHANDRASEKHAR

WP/15230/2022HC Karnataka17 Oct 2022

Bench: G.NARENDAR,P.N.DESAI

money and the dues of banks and other financial institutions. In our view, while dealing with the petitions involving challenge to the action taken for recovery of the public dues, etc. the High Court must keep in mind that the legislations enacted by Parliament and State Legislatures for recovery of such dues are a code unto themselves inasmuch as they