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10 results for “section 68”+ Section 1Oclear

Sorted by relevance

Delhi29Mumbai10Telangana7Chennai7Hyderabad5Ahmedabad5Indore5Cuttack4Kolkata2Bangalore1Jodhpur1Karnataka1Chandigarh1

Key Topics

Section 6815Addition to Income10Section 143(3)9Section 153A4Section 1324Section 1484Section 234B3Section 1392Section 143(2)2Undisclosed Income

SYNTENSIA NETWORK SECURITY INDIA P.LTD,MUMBAI vs. ITO 11(2)(4), MUMBAI

In the result, appeal of the assessee is allowed

ITA 2927/MUM/2017[2012-13]Status: DisposedITAT Mumbai27 Jul 2018AY 2012-13

Bench: Shri R.C.Sharma, Am & Shri Ram Lal Negi, Jm M/S. Syntensia Network Security Vs. Ito 11(2)(4) India Pvt. Ltd., Churchgate, 506, Laxmi Mall Laxmi Industrial Mumbai - 400020 Estate New Link Road, Andheri (W) Mumbai - 400053 Pan/Gir No.Aalcs1143G Appellant) Respondent) ..

Section 143(3)Section 68

section 68 and added same to income of assessee - Account statement of R revealed that there was an opening credit balance of Rs. 4.50.000 which was repaid in cash on 15-4-1995 and 26-4-1995 and same had been received back by assessee in cash on 28-9-1995 and 3-10-1995 - Further account statement

ITO 9(2)(3), MUMBAI vs. CITYGOLD EDUCATION RESEARCH LTD, MUMBAI

ITA 4742/MUM/2015[2010-11]Status: DisposedITAT Mumbai31 Jan 2018AY 2010-11
2
House Property2
Double Taxation/DTAA2

Bench: Sri Mahavir Singh, Jm & Sri G. Manjunatha, Am Income Tax Officer -9(2)(3) Citygold Education Room No. 601A, 6Th Floor, Research Ltd. Aayakar Bhavan, M.K. Road, Ackruti Trade Centre, 6Th Vs. Mumbai-400 020 Floor, Road No.7, Marol – Midc, Andheri (E) Mumbai-400 093 Appellant .. Respondent Pan No.Aafca5195A

For Appellant: Vijay Mehta &For Respondent: H.N Singh, DR
Section 133(6)Section 143(3)Section 68

section 68 of the Act if the assessee fails to prove the identity, genuineness and creditworthiness of those parties. The appellant vide letter dated 14th March 2013 objected to the proposed addition. The submission of the appellant was not acceptable to the AO. In the opinion of the AO the appellant has not discharged the onus casted

INCOME TAX OFFICER-16(1)(5), MUMBAI vs. M/S.RE N RAGA MEDIA PRIVATE LIMITED, MUMBAI

In the result, appeal of the Revenue is dismissed

ITA 6311/MUM/2017[2009-10]Status: DisposedITAT Mumbai09 May 2019AY 2009-10

Bench: Shri C.N. Prasad, Hon'Ble & Shri M. Balaganesh, Hon'Bleincome Tax Officer - 16(1)(5) V. M/S. Re N Raga Media Pvt. Ltd., Room No. 439, 4Th Floor Bungalow No. A/8, Svp Nagar Aayakar Bhavan, M.K. Road, Nr. Mhada Telephone Exchange, Mumbai-400 020 Andheri (W), Mumbai – 400 053

For Appellant: Shri Birju S. ShahFor Respondent: Shri D.G. Pansari
Section 131Section 133ASection 147Section 148Section 68

1O has escaped assessment within the meaning of Section 147 of the Income-tax Act. I, therefore, purpose to assessee/ reassess / recompute the income / loss / depreciation— allowance—under—section—................... for the said assessment year and I hereby require you to deliver to me before the expiry of 30 days from the date of service of this notice

ACIT 16(2)(3), MUMBAI vs. CHAMPALAL S. SHAH, MUMBAI

In the result, the appeal filed by the assessee in ITA No

ITA 2415/MUM/2014[2006-07]Status: DisposedITAT Mumbai03 Oct 2017AY 2006-07

Bench: Shri Saktijit Dey & Shri Ramit Kocharआमकय अऩीर सं./I.T.A. No. 1295/Mum/2014 (नििाारण वषा / Assessment Year : 2006-07) बिाम/ Shri Champalal S. Shah, Income Tax Officer – 16(2)(3), A-8, Maulana Shaukat Ali Pratyakshakar Bhavan, V. Road, Matru Mandir, Grant Road (East), Mumbai 400 007. Mumbai – 400007. स्थामी रेखा सं./ Pan : Aahps4629Q (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. आमकय अऩीर सं./I.T.A. No. 2415/Mum/2014 (नििाारण वषा / Assessment Year : 2006-07) बिाम/ Income Tax Officer – 16(2)(3), Shri Champalal S. Shah, B-33, Pannalal Terrace, Pratyakshakar Bhavan, V. 2N D Floor, Grant Road (E), 2N D Floor, Matru Mandir, Mumbai 400 007. Tardeo Road, Mumbai 400 007. स्थामी रेखा सं./ Pan : Aahps4629Q (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. Assessee By Shri Rushabh Mehta Revenue By : Shri P.R. Ghosh, Cit D.R.

For Respondent: Shri P.R. Ghosh, CIT D.R
Section 143(3)

68,125 -do- 14 -do- 28.4.2005 55 kg 3,46,89,200 -do- 15 M/s Kuber Bullion, 21.7.2005 3 kg 18,47,940 -do- Ahmedabad The A.O. observed that these alleged purchases have been covered in fifteen transactions mainly in a single month i.e. April, 2005 and the payments were stated to be made by cheque. The A.O. issued notices

CHAMPALAL S. SHAH,MUMBAI vs. ITO 16(2)(3), MUMBAI

In the result, the appeal filed by the assessee in ITA No

ITA 1295/MUM/2014[2006-07]Status: DisposedITAT Mumbai03 Oct 2017AY 2006-07

Bench: Shri Saktijit Dey & Shri Ramit Kocharआमकय अऩीर सं./I.T.A. No. 1295/Mum/2014 (नििाारण वषा / Assessment Year : 2006-07) बिाम/ Shri Champalal S. Shah, Income Tax Officer – 16(2)(3), A-8, Maulana Shaukat Ali Pratyakshakar Bhavan, V. Road, Matru Mandir, Grant Road (East), Mumbai 400 007. Mumbai – 400007. स्थामी रेखा सं./ Pan : Aahps4629Q (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. आमकय अऩीर सं./I.T.A. No. 2415/Mum/2014 (नििाारण वषा / Assessment Year : 2006-07) बिाम/ Income Tax Officer – 16(2)(3), Shri Champalal S. Shah, B-33, Pannalal Terrace, Pratyakshakar Bhavan, V. 2N D Floor, Grant Road (E), 2N D Floor, Matru Mandir, Mumbai 400 007. Tardeo Road, Mumbai 400 007. स्थामी रेखा सं./ Pan : Aahps4629Q (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. Assessee By Shri Rushabh Mehta Revenue By : Shri P.R. Ghosh, Cit D.R.

For Respondent: Shri P.R. Ghosh, CIT D.R
Section 143(3)

68,125 -do- 14 -do- 28.4.2005 55 kg 3,46,89,200 -do- 15 M/s Kuber Bullion, 21.7.2005 3 kg 18,47,940 -do- Ahmedabad The A.O. observed that these alleged purchases have been covered in fifteen transactions mainly in a single month i.e. April, 2005 and the payments were stated to be made by cheque. The A.O. issued notices

VIKRAM B TANNAN,MUMBAI vs. ASST CIT CEN CIR 20, MUMBAI

Accordingly the ground No. 1 raised by the assessee is allowed

ITA 7323/MUM/2016[2007-08]Status: DisposedITAT Mumbai25 Nov 2021AY 2007-08

Bench: Shri S. Rifaur Rahman () & Shri Pavan Kumar Gadale () Assessment Year: 2007-08 Mr. Vikram Bodhraj Tanna, Asst. Commissioner Of Income Tax, M/S Capsulation Services Ltd., Vs. Central Circle-20, Capsulations Premises, 1St Floor, Aayakar Bhavan, M.K. Road, New Sion Trombay Road, Deonar, Marine Lines Mumbai-400 088. Mumbai-20. Pan No. Aabpt 3016 G Appellant Respondent Assessment Year: 2007-08 Mr. Vikram Bodhraj Tanna, Asst. Commissioner Of Income Tax, M/S Capsulation Services Ltd., Vs. Central Circle-3(2), Capsulations Premises, 1St Floor, Room No. 402, Aayakar Bhavan, M.K. Sion Trombay Road, Deonar, Road, New Marine Lines Mumbai-400088. Mumbai-20. Pan No. Aabpt 3016 G Appellant Respondent Assessment Year: 2007-08 Dcit Cc 3(2), Central Range-3, Mr. Vikram Bodhraj Tanna, Room No. 1913, 19Th Floor, Air Vs. M/S Capsulation Services Ltd., India Building, Nariman Point, Capsulations Premises, 1St Floor, Mumbai-400020. Sion Trombay Road, Deonar, Mumbai-400088. Pan No. Aabpt 3016 G Appellant Respondent Assessee By : Mr. J.D. Mistry, Ar Revenue By : Mr. Jacinta, Dr Date Of Hearing : 30/09/2021 Date Of Pronouncement : 25/11/2021

For Appellant: Mr. J.D. Mistry, ARFor Respondent: Mr. Jacinta, DR
Section 132Section 139Section 143(2)Section 143(3)Section 153A

68,36,580/– and exempt income of ₹ 5 34, 51, 653/–. The assessing officer observed that the assessee filed original return of income under section 139 (1) of the Act which was revised on 30.8.2007 declaring Mr. Vikram Bodhraj Tanna total income at ₹ 5 61,29,695/–. Notices under section 143(2) and 142(1) along with questionnaire

VIKRAM B TANNAN,MUMBAI vs. ASST CIT CEN CIR 3(2), MUMBAI

Accordingly the ground No. 1 raised by the assessee is allowed

ITA 5671/MUM/2017[2007-08]Status: DisposedITAT Mumbai25 Nov 2021AY 2007-08

Bench: Shri S. Rifaur Rahman () & Shri Pavan Kumar Gadale () Assessment Year: 2007-08 Mr. Vikram Bodhraj Tanna, Asst. Commissioner Of Income Tax, M/S Capsulation Services Ltd., Vs. Central Circle-20, Capsulations Premises, 1St Floor, Aayakar Bhavan, M.K. Road, New Sion Trombay Road, Deonar, Marine Lines Mumbai-400 088. Mumbai-20. Pan No. Aabpt 3016 G Appellant Respondent Assessment Year: 2007-08 Mr. Vikram Bodhraj Tanna, Asst. Commissioner Of Income Tax, M/S Capsulation Services Ltd., Vs. Central Circle-3(2), Capsulations Premises, 1St Floor, Room No. 402, Aayakar Bhavan, M.K. Sion Trombay Road, Deonar, Road, New Marine Lines Mumbai-400088. Mumbai-20. Pan No. Aabpt 3016 G Appellant Respondent Assessment Year: 2007-08 Dcit Cc 3(2), Central Range-3, Mr. Vikram Bodhraj Tanna, Room No. 1913, 19Th Floor, Air Vs. M/S Capsulation Services Ltd., India Building, Nariman Point, Capsulations Premises, 1St Floor, Mumbai-400020. Sion Trombay Road, Deonar, Mumbai-400088. Pan No. Aabpt 3016 G Appellant Respondent Assessee By : Mr. J.D. Mistry, Ar Revenue By : Mr. Jacinta, Dr Date Of Hearing : 30/09/2021 Date Of Pronouncement : 25/11/2021

For Appellant: Mr. J.D. Mistry, ARFor Respondent: Mr. Jacinta, DR
Section 132Section 139Section 143(2)Section 143(3)Section 153A

68,36,580/– and exempt income of ₹ 5 34, 51, 653/–. The assessing officer observed that the assessee filed original return of income under section 139 (1) of the Act which was revised on 30.8.2007 declaring Mr. Vikram Bodhraj Tanna total income at ₹ 5 61,29,695/–. Notices under section 143(2) and 142(1) along with questionnaire

A.C.I.T. C.C. 24 & 26, MUMBAI vs. LAKHMICHAND D. ROHIRA, MUMBAI

Accordingly, Ground No.1 & 2 are partly allowed

ITA 2581/MUM/2012[2002-03]Status: DisposedITAT Mumbai30 Nov 2015AY 2002-03

Bench: Shri Shailendra Kumar Yadav & Shri Rajesh Kumar

For Respondent: Shri Anand Mohan, CIT-DR
Section 143(3)Section 234B

1O rupees points and 20 rupee points respectively. Each player will have to play minimum 36 games. The gross receipt of the club is in the range of Rs. 45,000/- to Rs. 55,000/- per day. Out of this around 50% of the gross receipt is spent on account of various expenditures viz. salary to employees, rent of premises

LAKHMICHAND D ROHIRA,MUMBAI vs. ACIT CC- 24 & 26, MUMBAI

Accordingly, Ground No.1 & 2 are partly allowed

ITA 2462/MUM/2012[2002-03]Status: DisposedITAT Mumbai30 Nov 2015AY 2002-03

Bench: Shri Shailendra Kumar Yadav & Shri Rajesh Kumar

For Respondent: Shri Anand Mohan, CIT-DR
Section 143(3)Section 234B

1O rupees points and 20 rupee points respectively. Each player will have to play minimum 36 games. The gross receipt of the club is in the range of Rs. 45,000/- to Rs. 55,000/- per day. Out of this around 50% of the gross receipt is spent on account of various expenditures viz. salary to employees, rent of premises

LAKHMICHAND D ROHIRA,MUMBAI vs. ACIT CC- 24 & 26, MUMBAI

Accordingly, Ground No.1 & 2 are partly allowed

ITA 2465/MUM/2012[2006-07]Status: DisposedITAT Mumbai30 Nov 2015AY 2006-07

Bench: Shri Shailendra Kumar Yadav & Shri Rajesh Kumar

For Respondent: Shri Anand Mohan, CIT-DR
Section 143(3)Section 234B

1O rupees points and 20 rupee points respectively. Each player will have to play minimum 36 games. The gross receipt of the club is in the range of Rs. 45,000/- to Rs. 55,000/- per day. Out of this around 50% of the gross receipt is spent on account of various expenditures viz. salary to employees, rent of premises