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3 results for “section 68”+ Section 148Aclear

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Key Topics

Section 1485Section 2504Section 1474Section 1443Addition to Income3Section 682Reopening of Assessment2

SHANKAR CONSTRUCTION,PANCHGACHIA vs. ITO, WARD-3(1), PURNEA

In the result, the appeal of the assessee is allowed

ITA 565/PAT/2024[2016-17]Status: DisposedITAT Patna18 Nov 2024AY 2016-17

Bench: Shri Rajpal Yadav, Vice- & Shri Rajesh Kumari.T.A. No. 565/Pat/2024 Assessment Year: 2016-2017 Shankar Construction,………………..…….……Appellant Panchgachia, Panchgachia-852124, Bihar [Pan:Abofs0800R] -Vs.- Income Tax Officer,………………….……..……Respondent Ward-3(1), Purnea, Bihar Appearances By: Shri S.K. Tulsiyan, Advocate, Appeared On Behalf Of The Assessee Shri Ashok Kumar, Cit (Dr), Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: October 22, 2024 Date Of Pronouncing The Order: November 18, 2024 O R D E R

Section 143(1)Section 147Section 148Section 69A

148A(d). As per clause (d), the assessing officer would decide on the basis of material available on record and if reply is furnished, where it is a fit case for issuing notice u/s 148 of the Act. In the facts of the present case, the reasons as recorded by the Assessing Officer are as under:- Reason for initiating proceedings

SHANKAR PRASAD,NALANDA vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT, DELHI

The appeal of the assessee is allowed for statistical purposes

ITA 4/PAT/2025[2018-19]Status: DisposedITAT Patna07 Feb 2025AY 2018-19

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishrai.T.A. No.04/Pat/2025 Assessment Year: 2018-19 Shankar Prasad…………………………………………………..………….……Appellant S/O Yogendra Prasad, Vill-Asthawan, P.O – Asthawan, Biharsharif, Nalanda, Bihar-803107. [Pan: Avnpp3389B] Vs. Assessment Unit, Income Tax Department ……………….........……...…..…..Respondent Appearances By: Shri A. K. Rastogi, Sr. Advocate, Appeared On Behalf Of The Appellant. Shri Ashwani Kr. Singal, Jcit - Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : February 06, 2025 Date Of Pronouncing The Order : February 07, 2025 Order Per Sonjoy Sarma: The Present Appeal Has Been Preferred By The Assessee Against An Order Dated 22.11.2024 Of The National Faceless Appeal Centre [Hereinafter Referred To As ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 2. Brief Facts Of The Case Are That The Assessee Is An Individual & Did Not File His Return Of Income For The Relevant Assessment Year. The Assessing Officer Got Information That The Assessee Had Made Cash Withdrawals Of Rs.1,37,13,000/- From Current Account Maintained With Canara Bank During F.Y 2017-18 & The Assessee Did Not File Any Itr. Therefore, The Assessing Officer After Obtaining Approval From The Competent Authority Issued Notice U/S 147 R.W.S 148A Of The Act Through Email. In Response To The Notice, The Assessee Filed His Return After A

Section 139(1)Section 142(1)Section 147Section 148Section 250Section 250(6)Section 68

148A of the Act through email. In response to the notice, the assessee filed his return after a I.T.A. No.04/Pat/2025 Assessment Year: 2018-19 Shankar Prasad period of 11 months disclosing total income of Rs.1,04,090/-. During the course of assessment proceedings, notice u/s 142(1) was also issued for furnishing certain details/documents. Due to non-response

ERFAN ALAM,KHAGARIA vs. ITO, WARD- 2 (1), BEGUSARAI

In the result, the appeal of the assessee is dismissed

ITA 29/PAT/2025[2015-16]Status: DisposedITAT Patna26 May 2025AY 2015-16

Bench: Shri Duvvuru Rl Reddy & Shri Sanjay Awasthiassessment Year: 2015-16

For Appellant: Shri Ranjan Kr. Sinha, AdvocateFor Respondent: Sh. Ashwani Kr. Singal, JCIT
Section 144Section 147Section 148Section 148ASection 250Section 68

68 of the Act, representing cash deposits etc. in the Bank account of the assessee. Apparently, the assessee did not file any return of income and before the Ld. Assessing Officer, he did not file adequate evidence/documents to support his claim that the impugned amount represented the turnover of business. However, the Ld. Assessing Officer has recorded in page