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2 results for “section 68”+ Section 391clear

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Key Topics

Section 1473Section 133(6)2Section 682Section 1482Addition to Income2

M/S MANISH FINLEASE (P) LTD,PATNA vs. ITO, WARD-2(1), PATNA

ITA 25/PAT/2019[2010-11]Status: DisposedITAT Patna09 Aug 2019AY 2010-11

Bench: Shri Chandra Mohan Garg & Laxmi Prasad Sahuassessment Year : 2010-2011 Manish Finlease Pvt Ltd., Vs. Ito, Ward 2(1), Patna Chandi House Exhibition Road, Patna Pan/Gir No.Aaccm 6252 B (Appellant) .. ( Respondent) Assessee By : Shri A.K.Rastogi & Rakesh Kumar, Ars Revenue By : Shri Indrajeet Singh, Dr Date Of Hearing : 20/06/ 2019 Date Of Pronouncement : 09/08/ 2019 O R D E R Per Bench This Is An Appeal Filed By The Assessee Against The Order Of The Cit(A)-1, Patna Dated 27.9.2018 For The Assessment Year 2010-2011. 2. The Appeal Filed By The Assessee Is Delayed By 51 Days. The Assessee Has Filed Application For Condonation Of Delay Stating The Reasons For Not Filing The Appeal In Time Before The Tribunal. After Hearing The Submissions Of The Parties, We Are Satisfied That The Assessee Had A Bonafide Reason For Not Filing The Appeal In Time. Therefore, We Condone The Delay & Proceed To Decide The Appeal Of The Assessee On Merits.

For Appellant: Shri A.K.Rastogi & Rakesh Kumar, ARsFor Respondent: Shri Indrajeet Singh, DR
Section 133(6)Section 143(2)Section 143(3)Section 147Section 148(1)Section 68

68 of the Act. 2.5 The submissions have been considered carefully in the light of the provisions of the Income tax Act, Constitution of India as well as the legal pronouncements on the subject by the Apex Court and various High Courts In this regard, it would be pertinent to look into the provision of this section which

JAGDAMBA ISPAT PRIVATE LIMITED,PATNA vs. ITO,2(1), PATNA

In the result, the appeal of the assessee is allowed

ITA 213/PAT/2024[2012-13]Status: DisposedITAT Patna12 Mar 2024AY 2012-13

Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Bleassessment Year: 2012-13 Jagdamba Ispat Pvt. Ltd. Ito, Ward-2(1), Patna Vs Pan: Aaacj 5860 C (Appellant) (Respondent) Present For: Appellant By : Shri S.K. Tulsiyan, Advocate Respondent By : Shri Sushil Kumar Mishra, Jcit, Dr Date Of Hearing : 06.03.2024 Date Of Pronouncement : 12.03.2024 O R D E R Per Sonjoy Sarma, Jm: This Appeal Of The Assessee For The Assessment Year 2012-13 Is Directed Against The Order Dated 01.01.2024 Passed By The Ld. Commissioner Of Income-Tax Appeals, Nfac, Delhi [Hereinafter Referred To As ‘The Ld. Cit(A)’].

For Appellant: Shri S.K. Tulsiyan, AdvocateFor Respondent: Shri Sushil Kumar Mishra, JCIT, DR
Section 142(1)Section 144Section 147Section 148Section 391Section 68Section 69A

68 of Income Tax Act, 1961 and Rs. 20,00,000/- has escaped assessment within the meaning of section 147 of Income Tax Act, 1961 for AY 2012-13.” 3. Subsequent to above, a notice u/s 142(1) of the Act was issued to the assessee. However, no one turned up on the part of assessee since