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5 results for “disallowance”+ Section 32(1)(iia)clear

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Key Topics

Section 1488Section 40A(3)6Addition to Income4Section 683Section 143(1)3Disallowance3Undisclosed Income3Section 133(6)2Section 12A2Section 153C

ASSISTANT COMMISSIONER OF INCOME TAX (CENTRAL CIRCLE), BAREILLY vs. VARUNARJUN TRUST, LUCKNOW

In the result, both the appeals are dismissed

ITA 620/LKW/2024[2016-17]Status: DisposedITAT Lucknow07 Aug 2025AY 2016-17

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

Section 12ASection 133(6)Section 142(1)Section 148Section 153C

iia) any asset, not being an investment or deposit in any of the forms or modes specified in sub-section (5) of section 11, where such asset is not held by the trust or institution, otherwise than in any of the forms or modes specified in sub-section (5) of section 11, after the expiry of one year from

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, BAREILLY, BAREILLY vs. VARUNARJUN TRUST, LUCKNOW

2
Section 142(1)2
Unexplained Money2

In the result, both the appeals are dismissed

ITA 619/LKW/2024[2015-16]Status: DisposedITAT Lucknow07 Aug 2025AY 2015-16

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

Section 12ASection 133(6)Section 142(1)Section 148Section 153C

iia) any asset, not being an investment or deposit in any of the forms or modes specified in sub-section (5) of section 11, where such asset is not held by the trust or institution, otherwise than in any of the forms or modes specified in sub-section (5) of section 11, after the expiry of one year from

ABHAY BENARA,KANPUR vs. DY. COMMISSIONER OF INCOME TAX, KANPUR

In the result, the appeal of the assessee is partly allowed

ITA 267/LKW/2017[2013-14]Status: DisposedITAT Lucknow13 Dec 2024AY 2013-14

Bench: Shri Kul Bharat & Shri Anadee Nath Misshraassessment Year: 2013-14 Abhay Benara, The Deputy V. Commissioner Of Income C/O 24/4, The Mall Kanpur-208001. Tax, Central Circle-1 Kanpur. Pan:Adlpb2007Q (Appellant) (Respondent) Appellant By: Shri Ashish Jaiswal, Adv. Respondent By: Shri Sunil Kumar Rajwanshi, Addl Cit(Dr) Date Of Hearing: 10 12 2024 Date Of Pronouncement: 13 12 2024 O R D E R

For Appellant: Shri Ashish Jaiswal, AdvFor Respondent: Shri Sunil Kumar Rajwanshi, Addl
Section 143(2)Section 57Section 68

1) and (2)] of section 32 and subject to the provisions of [section 38]. (iia)[ in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent of such income or ]fifteen] thousand rupees, whichever is less. Explanation. - For the purposes of this clause, "family pension" means

SURYA INTERNATIONAL PVT. LTD.,LUCKNOW vs. CENTRAL PROCESSING CENTRE, BANGALORE

In the result, the appeal is partly allowed for statistical purposes

ITA 323/LKW/2025[2020-21]Status: DisposedITAT Lucknow08 Jan 2026AY 2020-21

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

Section 143(1)Section 2(8)Section 40A(3)

32,430/-. An intimation was issued to the assessee u/s 143(1) of the Act, wherein adjustments were made and total income was determined at Rs.2,30,50,770/- after the adjustment. The aforesaid adjustments included an amount of Rs.1,75,00,000/- on account of bank guarantee. Further, an adjustment of Rs.3,08,342/- was also made on account

INCOME TAX OFFICER (E), LUCKNOW vs. M/S. VIKAT EDUCATIONAL TRUST, LUCKNOW

In the result, the appeal of the revenue is dismissed and cross objection of the assessee is dismissed

ITA 394/LKW/2020[2017-18]Status: HeardITAT Lucknow16 May 2025AY 2017-18

Bench: Shri Kul Bharat & Shri Anadee Nath Misshraassessment Year: 2017-18 Income Tax Officer M/S. Vikat Educational V. (Exemption) Trust T.C. 46V, 5Th Floor, U.P.S.I.D.C 32-A, Chandralok, Ltd, Vibhuti Khand, Gomti Aliganj, Lucknow-226020. Nagar, Lucknow-226010. Pan: Aaecc5529M (Appellant) (Respondent) C. O. No. 2/Lkw/2022 (In Arising Out Of Ita. No. 394/Lkw/2020) Assessment Year: 2017-18 M/S. Vikat Educational Trust Ito (Exemption) V. 32-A, Chandralok, Aliganj, 4Th Floor, Pratyaksha Kar Lucknow-226020. Bhawan, Ram Tirath Marg, Lucknow-226001. Pan: Aabtv6124D (Appellant) (Respondent) Appellant By: Shri Shyam Lal, C.A. Respondent By: Shri Sunil Kumar Rajwanshi, Addl. Cit(Dr) Date Of Hearing: 05 05 2025 Date Of Pronouncement: 16 05 2025 O R D E R

For Appellant: Shri Shyam Lal, C.AFor Respondent: Shri Sunil Kumar Rajwanshi, Addl
Section 115BSection 68

32-A, Chandralok, Aliganj, 4th Floor, Pratyaksha Kar Lucknow-226020. Bhawan, Ram Tirath Marg, Lucknow-226001. PAN: AABTV6124D (Appellant) (Respondent) Appellant by: Shri Shyam Lal, C.A. Respondent by: Shri Sunil Kumar Rajwanshi, Addl. CIT(DR) Date of hearing: 05 05 2025 Date of pronouncement: 16 05 2025 O R D E R PER KUL BHARAT, VICE PRESIDENT.: These appeal