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2 results for “section 68”+ Section 364clear

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Key Topics

Section 115B2Addition to Income2

INCOME TAX OFFICER WARD 2(1), THIRD FLOOR, AAYAKAR BHAVAN vs. N KUMAR HOUSING AND INFRASTRUCTURE PVT. LTD, SEVENTH FLOOR

In the result, appeal by the Revenue stands dismissed

ITA 481/NAG/2024[2020-21]Status: DisposedITAT Nagpur25 Feb 2025AY 2020-21
For Appellant: \nShri Manoj G. MoryaniFor Respondent: \nShri Sandipkumar Salunke
Section 41(1)

364 ITR 0401 (P&H High Court)\nCommissioner of Income Tax –Vs.- Speedways Tyre Ltd.\n7. (1989) 177 ITR 0218 (Mumbai High Court)\nCommissioner of Income tax –Vs.- Chase Bright Steel Ltd.\n8. (2013) 89 DTR 0265 (Delhi, High Court)\nCommissioner of Income Tax Vs. Jain Exports Pvt Ltd.\n9. (2012) 80 CCH 0156 (Delhi High Court)\nCommissioner of Income

ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE ( EXEMPTION ), NAGPUR vs. M/S SHRI DADASAHEB GAWAI , NAGPUR

In the result, appeal filed by the Revenue is dismissed

ITA 2/NAG/2018[2014-2015]Status: Disposed
ITAT Nagpur
11 Jul 2024
AY 2014-2015

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Kailash C. Kanojiya
Section 115BSection 12A

68 was not applicable in case of the assessee trust, since the assessee trust has duly discharges its onus by proving the identity and capacity of the donors and genuineness of the transaction. viii. The assessee has not violated the provision of section 115BBC of the Act and the donations received from the doners cannot be categorized an anonymous