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20 results for “section 68”+ Section 86clear

Sorted by relevance

Delhi2,504Mumbai2,182Bangalore810Chennai606Karnataka583Ahmedabad580Jaipur508Kolkata442Hyderabad375Indore291Pune277Chandigarh237Raipur160Surat144Cochin104Visakhapatnam93Nagpur83Telangana72Cuttack69Calcutta59Lucknow54Rajkot53Jabalpur52Guwahati50Allahabad44Jodhpur41SC34Panaji31Ranchi30Amritsar30Agra29Patna20Orissa7Varanasi7Dehradun6Rajasthan6Kerala1ASHOK BHAN DALVEER BHANDARI1Andhra Pradesh1A.K. SIKRI ROHINTON FALI NARIMAN1K.S. RADHAKRISHNAN A.K. SIKRI1

Key Topics

Section 153A60Section 26359Section 143(3)18Section 25015Section 12715Addition to Income11Section 1449Limitation/Time-bar8Revision u/s 2637Section 11(1)

MITHILESH KUMAR,PATNA vs. DCIT CENTRAL CIRCLE-2, PATNA

In the result, the appeal of the assessee is allowed

ITA 230/PAT/2023[2021-22]Status: DisposedITAT Patna18 Apr 2024AY 2021-22

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 127Section 132ASection 133ASection 143(3)Section 153DSection 263

68 to 69D read with Section 115BBE, by colouring the "deemed incomes" as business income. More so, in cases of unaccounted cash and undisclosed investment/expenditure in purchases, and excess stock assessable under section 69A/69B/69C of the Act. 3.2.1. At the outset, all the decisions quoted and relied upon by the assessee, with regard to non-applicability of Section

6
Section 143(2)4
Condonation of Delay4

PIONEER EDUCATION SOCIETY,HARYANA vs. ITO, PATNA

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 405/PAT/2024[2016-17]Status: DisposedITAT Patna24 Apr 2025AY 2016-17

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) & Shri Sanjay Awasthii.T.A. No. 405/Pat/2024 Assessment Year: 2016-2017 Pioneer Education Society,……….…….....……Appellant C-310/311, Unitech Business Zone Nirvana Country, South City-Ii, Sector-50, Haryana, Pin Code No.122018 [Pan:Aadap0174C] -Vs.- Income Tax Officer,……………………………….Respondent Ward-1(1), Patna, Lok Nayak Jai Prakash Bhawan, New Dak Bunglow, Patna-800001, Bihar Appearances By: Shri Yatin Sharma, Advocate, Appeared On Behalf Of The Assessee Rinku Singh, Cit (Dr), Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: April 21, 2025 Date Of Pronouncing The Order: April 24, 2025 O R D E R

Section 133(6)Section 142(1)Section 143(2)Section 271(1)(b)Section 68

section 68 of the Act and added to the total income of the assessee. Therefore, the total addition comes to Rs.4,07,90,320/- (Rs.10,55,000/- plus Rs.3,97,35,320/-). 2.1. In support of rent debited in the income & expenditure account to the tune of Rs.3,43,84,722/-, the assessee furnished copy of three Memorandum

VINAYAK BUILDERS AND DEVELOPERS PVT LTD,PATNA vs. ACIT, CENTRAL CIRCLE-03, PATNA, PATNA

In the result, both the appeals of the assessee are allowed for statistical purposes

ITA 64/PAT/2023[2011-12]Status: HeardITAT Patna16 Oct 2024AY 2011-12

Bench: Shri Rajpal Yadav & Dr. Manish Boradi.T.A. Nos. 64 & 65/Pat/2023 Assessment Years: 2011-12 & 2012-13 Vinayak Builders & Acit, Central Circle-03, Developers Pvt. Ltd. Vs Loknayak Bhawan, 101, Vaidhnath Apartment, 3Rd Floor, Frazer Road, Road No.03, Mahesh Nagar, Patna-800 001 Patna-800 024 [Pan :Aadcv1223G] अपीलार्थी/ (Appellant) प्रत्‍यर्थी/ (Respondent)

For Appellant: Shri Ravi Shankar, AdvFor Respondent: Shri Rinku Singh, CIT DR
Section 132Section 144Section 144ASection 153ASection 250

section 144 vide order even dated 28.03.2014. 2. At the outset, the ld. counsel for the assessee submitted that there was no appearance before the ld. AO and best judgement ITA Nos.64 & 65/PAT/2023 Vinayak Builders and Developers Pvt. Ltd.; A.Y. 2012-13 assessment has been framed u/s 144 of the Act for the impugned assessment year. Further, assessee could

VINAYAK BUILDERS AND DEVELOPERS PVT LTD,PATNA vs. ACIT, CENTRAL CIRCLE-03, PATNA, PATNA

In the result, both the appeals of the assessee are allowed for statistical purposes

ITA 65/PAT/2023[2012-13]Status: HeardITAT Patna16 Oct 2024AY 2012-13

Bench: Shri Rajpal Yadav & Dr. Manish Boradi.T.A. Nos. 64 & 65/Pat/2023 Assessment Years: 2011-12 & 2012-13 Vinayak Builders & Acit, Central Circle-03, Developers Pvt. Ltd. Vs Loknayak Bhawan, 101, Vaidhnath Apartment, 3Rd Floor, Frazer Road, Road No.03, Mahesh Nagar, Patna-800 001 Patna-800 024 [Pan :Aadcv1223G] अपीलार्थी/ (Appellant) प्रत्‍यर्थी/ (Respondent)

For Appellant: Shri Ravi Shankar, AdvFor Respondent: Shri Rinku Singh, CIT DR
Section 132Section 144Section 144ASection 153ASection 250

section 144 vide order even dated 28.03.2014. 2. At the outset, the ld. counsel for the assessee submitted that there was no appearance before the ld. AO and best judgement ITA Nos.64 & 65/PAT/2023 Vinayak Builders and Developers Pvt. Ltd.; A.Y. 2012-13 assessment has been framed u/s 144 of the Act for the impugned assessment year. Further, assessee could

SITARAM SULTANIA,PATNA vs. DCIT/ACIT, CIR-6, PATNA, PATNA

Appeal of the assessee is partly allowed

ITA 11/PAT/2025[2010-11]Status: DisposedITAT Patna06 Jan 2026AY 2010-11

Bench: SHRI DUVVURU RL REDDY, VICE PRESIDENT SHRI RAJESH KUMAR (Accountant Member)

Section 147Section 148Section 250Section 50CSection 50C(2)

Section 50C(2) of the Act at Rs. 86,72,000/-. Accordingly, the Assessing Officer computed the short-term capital gain at Rs. 25,43,630/- on the basis of DVO report and added the same to the in- come of the assessee. We note that the DVO in its report dated 26.03.2015 categorically mentioned the method of valuation

LATE RATAN DEV RAO,WEST CHAMPARAN vs. ITO WARD 1(5), BETTIAH

In the result, both the appeals of the assessee are allowed for statistical purposes

ITA 681/PAT/2024[2016-17]Status: DisposedITAT Patna13 Feb 2025AY 2016-17

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 681/Pat/2024 Assessment Year: 2016-2017 & I.T.A. No. 682/Pat/2024 Assessment Year: 2017-2018 Late Ratan Dev Rao,…………………....…...…Appellant Through Legal Heir- Smt. Renuka Devi, Ratwal,Patilar, Chautarwa, West Champaran-845101, Bihar [Pan:Agrpr1178D] -Vs.- Income Tax Officer,……………………………...Respondent Ward-1(5), Bettiah, Bihar Appearances By: Shri Sanjeev Kr. Anwar, Advocate, Appeared On Behalf Of The Assessee Shri Ashwani Kr. Singal, Jcit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: January 02, 2025 Date Of Pronouncing The Order: February 13, 2025 O R D E R

Section 142(1)Section 143(2)Section 144

86,260/- (for A.Y. 2016-17) and Rs.4,88,650/- (for A.Y. 2017-18) were e-filed on 29.03.2018. The case was selected for limited scrutiny through CASS to verify the cash in hand. Notices under section 143(2) were issued and served on the assessee requesting compliance. However, the assessee remained non-complaint. Notices under section

LATE RATAN DEV RAO,WEST CHAMPARAN vs. ITO WARD 1(5), BETTIAH

In the result, both the appeals of the assessee are allowed for statistical purposes

ITA 682/PAT/2024[2017-18]Status: DisposedITAT Patna13 Feb 2025AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 681/Pat/2024 Assessment Year: 2016-2017 & I.T.A. No. 682/Pat/2024 Assessment Year: 2017-2018 Late Ratan Dev Rao,…………………....…...…Appellant Through Legal Heir- Smt. Renuka Devi, Ratwal,Patilar, Chautarwa, West Champaran-845101, Bihar [Pan:Agrpr1178D] -Vs.- Income Tax Officer,……………………………...Respondent Ward-1(5), Bettiah, Bihar Appearances By: Shri Sanjeev Kr. Anwar, Advocate, Appeared On Behalf Of The Assessee Shri Ashwani Kr. Singal, Jcit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: January 02, 2025 Date Of Pronouncing The Order: February 13, 2025 O R D E R

Section 142(1)Section 143(2)Section 144

86,260/- (for A.Y. 2016-17) and Rs.4,88,650/- (for A.Y. 2017-18) were e-filed on 29.03.2018. The case was selected for limited scrutiny through CASS to verify the cash in hand. Notices under section 143(2) were issued and served on the assessee requesting compliance. However, the assessee remained non-complaint. Notices under section

DCIT(EXEMPTION) CIRCLE, PATNA vs. M/S DEO MANGAL MEMORIAL TRUST, PATNA

In the result, these appeals filed by the Revenue are allowed for statistical purposes

ITA 65/PAT/2020[2013-14]Status: DisposedITAT Patna10 Jan 2025AY 2013-14

Bench: SHRI DUVVURU RL REDDY, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)

Section 11(1)Section 2(15)Section 250Section 253(2)

86,667.00 (iv) Pharmacy receipts – Rs. 35,09,829.00 (v) Other receipts – Rs. 12,24,776.25 Furthermore, the Ld. AO found that the receipts from pharmacy exceeded the tolerance limit of 20% as per the proviso to section 2(15) of the Act. It is seen that there is also a supporting finding that considerable expenses have been claimed

DCIT(EXEMPTION) CIRCLE, PATNA vs. M/S DEO MANGAL MEMORIAL TRUST, PATNA

In the result, these appeals filed by the Revenue are allowed for statistical purposes

ITA 67/PAT/2020[2015-16]Status: DisposedITAT Patna10 Jan 2025AY 2015-16

Bench: SHRI DUVVURU RL REDDY, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)

Section 11(1)Section 2(15)Section 250Section 253(2)

86,667.00 (iv) Pharmacy receipts – Rs. 35,09,829.00 (v) Other receipts – Rs. 12,24,776.25 Furthermore, the Ld. AO found that the receipts from pharmacy exceeded the tolerance limit of 20% as per the proviso to section 2(15) of the Act. It is seen that there is also a supporting finding that considerable expenses have been claimed

DCIT(EXEMPTION) CIRCLE, PATNA vs. M/S DEO MANGAL MEMORIAL TRUST, PATNA

In the result, these appeals filed by the Revenue are allowed for statistical purposes

ITA 66/PAT/2020[2014-15]Status: DisposedITAT Patna10 Jan 2025AY 2014-15

Bench: SHRI DUVVURU RL REDDY, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)

Section 11(1)Section 2(15)Section 250Section 253(2)

86,667.00 (iv) Pharmacy receipts – Rs. 35,09,829.00 (v) Other receipts – Rs. 12,24,776.25 Furthermore, the Ld. AO found that the receipts from pharmacy exceeded the tolerance limit of 20% as per the proviso to section 2(15) of the Act. It is seen that there is also a supporting finding that considerable expenses have been claimed

NALANDA ENGICON PVT. LTD, PATNA,PATNA vs. PR. CIT CENTRAL, PATNA

In the result, all the appeals of the assessee are allowed as per terms indicated hereinabove

ITA 328/PAT/2024[2020-21]Status: DisposedITAT Patna12 Sept 2024AY 2020-21

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. Nos.322 To 329/Pat/2024 Assessment Years: 2014-15 To 2021-22

Section 127Section 143(3)Section 153ASection 263

section 263 read with Clause (a) of Explanation-21 thereunder. I, therefore, under the powers conferred u/s. 263 of the Income Tax Act, 1961, hereby set aside the order passed by Assessing Officer u/s. 153A/143(3) for AY 2015-16 with direction to pass fresh order after conducting proper enquiries, including third party enquiries and investigations into the claim

NALANDA ENGICON PVT. LTD, PATNA,PATNA vs. PR. CIT CENTRAL, PATNA

In the result, all the appeals of the assessee are allowed as per terms indicated hereinabove

ITA 323/PAT/2024[2015-16]Status: DisposedITAT Patna12 Sept 2024AY 2015-16

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. Nos.322 To 329/Pat/2024 Assessment Years: 2014-15 To 2021-22

Section 127Section 143(3)Section 153ASection 263

section 263 read with Clause (a) of Explanation-21 thereunder. I, therefore, under the powers conferred u/s. 263 of the Income Tax Act, 1961, hereby set aside the order passed by Assessing Officer u/s. 153A/143(3) for AY 2015-16 with direction to pass fresh order after conducting proper enquiries, including third party enquiries and investigations into the claim

NALANDA ENGICON PVT. LTD, PATNA,PATNA vs. PR. CIT (CENTRAL), PATNA

In the result, all the appeals of the assessee are allowed as per terms indicated hereinabove

ITA 322/PAT/2024[2014-15]Status: DisposedITAT Patna12 Sept 2024AY 2014-15

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. Nos.322 To 329/Pat/2024 Assessment Years: 2014-15 To 2021-22

Section 127Section 143(3)Section 153ASection 263

section 263 read with Clause (a) of Explanation-21 thereunder. I, therefore, under the powers conferred u/s. 263 of the Income Tax Act, 1961, hereby set aside the order passed by Assessing Officer u/s. 153A/143(3) for AY 2015-16 with direction to pass fresh order after conducting proper enquiries, including third party enquiries and investigations into the claim

NALANDA ENGICON PVT. LTD, PATNA,PATNA vs. PR. CIT CENTRAL, PATNA

In the result, all the appeals of the assessee are allowed as per terms indicated hereinabove

ITA 327/PAT/2024[2019-20]Status: DisposedITAT Patna12 Sept 2024AY 2019-20

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. Nos.322 To 329/Pat/2024 Assessment Years: 2014-15 To 2021-22

Section 127Section 143(3)Section 153ASection 263

section 263 read with Clause (a) of Explanation-21 thereunder. I, therefore, under the powers conferred u/s. 263 of the Income Tax Act, 1961, hereby set aside the order passed by Assessing Officer u/s. 153A/143(3) for AY 2015-16 with direction to pass fresh order after conducting proper enquiries, including third party enquiries and investigations into the claim

NALANDA ENGICON PVT. LTD, PATNA,PATNA vs. PR. CIT CENTRAL, PATNA

In the result, all the appeals of the assessee are allowed as per terms indicated hereinabove

ITA 329/PAT/2024[2021-22]Status: DisposedITAT Patna12 Sept 2024AY 2021-22

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. Nos.322 To 329/Pat/2024 Assessment Years: 2014-15 To 2021-22

Section 127Section 143(3)Section 153ASection 263

section 263 read with Clause (a) of Explanation-21 thereunder. I, therefore, under the powers conferred u/s. 263 of the Income Tax Act, 1961, hereby set aside the order passed by Assessing Officer u/s. 153A/143(3) for AY 2015-16 with direction to pass fresh order after conducting proper enquiries, including third party enquiries and investigations into the claim

NALANDA ENGICON PVT. LTD, PATNA,PATNA vs. PR. CIT CENTRAL, PATNA

In the result, all the appeals of the assessee are allowed as per terms indicated hereinabove

ITA 325/PAT/2024[2017-18]Status: DisposedITAT Patna12 Sept 2024AY 2017-18

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. Nos.322 To 329/Pat/2024 Assessment Years: 2014-15 To 2021-22

Section 127Section 143(3)Section 153ASection 263

section 263 read with Clause (a) of Explanation-21 thereunder. I, therefore, under the powers conferred u/s. 263 of the Income Tax Act, 1961, hereby set aside the order passed by Assessing Officer u/s. 153A/143(3) for AY 2015-16 with direction to pass fresh order after conducting proper enquiries, including third party enquiries and investigations into the claim

NALANDA ENGICON PVT. LTD, PATNA,PATNA vs. PR. CIT CENTRAL, PATNA

In the result, all the appeals of the assessee are allowed as per terms indicated hereinabove

ITA 326/PAT/2024[2018-19]Status: DisposedITAT Patna12 Sept 2024AY 2018-19

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. Nos.322 To 329/Pat/2024 Assessment Years: 2014-15 To 2021-22

Section 127Section 143(3)Section 153ASection 263

section 263 read with Clause (a) of Explanation-21 thereunder. I, therefore, under the powers conferred u/s. 263 of the Income Tax Act, 1961, hereby set aside the order passed by Assessing Officer u/s. 153A/143(3) for AY 2015-16 with direction to pass fresh order after conducting proper enquiries, including third party enquiries and investigations into the claim

SHARDINDU PRASAD SINGH,PATNA vs. ITO, WARD-6(4), PATNA

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

ITA 630/PAT/2024[2016-17]Status: DisposedITAT Patna15 Oct 2025AY 2016-17

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

Section 144Section 147Section 250Section 271(1)(c)

68 days. An application seeking condonation of delay has been filed by the assessee stating as under: “The appellant filed this appeal before the Hon'ble Income Tax Appellate Tribunal, Patna Bench, Patna on 30/10/24 after delay of 69 days. The main I.T.A. No.: 630/PAT/2024 Assessment Year: 2016-17 Shardindu Prasad Singh. reason of delay in filing of memorandum

AMIT KUMAR,BEGUSARAI vs. NFAC, DELHI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

ITA 410/PAT/2025[2018-19]Status: DisposedITAT Patna29 Jan 2026AY 2018-19

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

Section 143(2)Section 143(3)Section 250Section 68

section 143(3) r.w. 144 of the Income tax Act, 1961, ('the Act') at an income of Rs 3,74,76,426/- as against returned income of Rs 10,16,880/- ITA No.: 410/PAT/2025 Assessment Year: 2018-19 Amit Kumar. 2. For that the learned has erred in the facts and circumstances of the case in arbitrarily confirming addition

M/S KUMAR CONSTRUCTION,CHAPRA vs. DCIT, CICLE-2, MUZAFFAPUR

In the result, the appeal of the assessee is allowed

ITA 200/PAT/2014[2005-06]Status: DisposedITAT Patna21 Sept 2022AY 2005-06

Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Bleita Nos.200/Pat/2014 Assessment Year: 2005-06 M/S. Kumar Construction Dcit, Circle-2, Muzaffarpur P.O. Dumri Adda, P.S. Vs. Doriganj, Dist. Chapra. Pan: Aajfm 7295 G (Appellant) (Respondent) Present For: Appellant By : Smt. Archana Sharma, Ca Respondent By : Shri Rupesh Agrawal, Sr. Dr Date Of Hearing : 28.06.2022 Date Of Pronouncement : 22.09.2022 O R D E R Per Sonjoy Sarma, Jm: The Captioned Appeals Preferred By The Assessee For The A.Y. 2005-06 Is Directed Against The Order Passed U/S 143(3) Of The Income-Tax Act, 1961 Passed By Osd, Cit(A) Dated 26.06.2014. The Assessee Has Taken The Following Revised Ground Of Appeal For A.Y. 2005-06 As Under: “I. The Ld. Assessing Officer Has Assessed Profit @ 8% Of Total Gross Receipts Amount To Rs. 2,40,85,620/- Amounting To Rs. 19,26,850/- & Added Back To Assessee’S Income While Computation Of Tax. Ii. Capital Introduced By 6 Partner’S Amounting To Rs. 12,20,000/- Has Been Outrightly Rejected By Ao & Added Back To Assessees Income While Computation Of Tax. Iii. The Respondent Have Rejected The Books Of Accounts Invoking The Provision Of Section 145(3) & Rejecting The Books Of Accounts Regularly Maintained & Holding That The Audited Books Of Accounts Were Not Absolutely Reliable. So, We Pray For Consider The Revised Grounds Stated Above & Grant Relief For Assessee’S Income @ 6% Of The Total Receipts Of Rs. 2,40,85,620/-.”

For Appellant: Smt. Archana Sharma, CAFor Respondent: Shri Rupesh Agrawal, Sr. DR
Section 143(3)Section 145(3)

86,586/- towards their capital and out of seven partners did not file any documentary proof to explain the source of capital introduced by them. Therefore, the AO made an addition of Rs. 12,20,000/- as income of the firm and added to its total income. Against the above assessment order, assessee filed an appeal before