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2 results for “section 68”+ Section 264clear

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Key Topics

Section 143(3)4

DCIT, HAZARIBAGH vs. SRI RAJENDRA LAL, HAZARIBAGH

In the result, appeal of the assessee i

ITA 78/RAN/2016[2009-10]Status: DisposedITAT Ranchi25 May 2018AY 2009-10

Bench: Shri N.S.Saini & Shri Pavan Kumar Gadale & Cross Objection No.05/Ran/2018 A.Y. : 2009-2010 Shri Rajendra Lal, Vs Acit, Circle-2, Prop: M/S Alankar Jewellers Hazaribag Malviya Marg, Hazaribag Pan No. : Aaqpl 6547 B Respondent (Appellant) . & A.Y. : 2009-2010 Acit, Circle-2, Hazaribag Vs Shri Rajendra Lal, Prop: M/S Alankar Jewellers Malviya Marg, Hazaribag Pan No. : Aaqpl 6547 B Respondent (Appellant) .

For Appellant: Shri S.K.Poddar & Devesh Poddar, AdvFor Respondent: Shri A.K.Mohanty, JCIT
Section 133ASection 143(2)Section 143(3)Section 145(3)Section 234ASection 69

section 68, where any sum is found credited in the books of the assessee for any previous year, the same may be charged to income-tax as the income of the assessee of that previous year if the explanation offered by the assessee about the nature and source thereof is, in the opinion of the Assessing Officer, not satisfactory

ACIT, CENTRALC CIRCLE-1, RANCHI, RANCHI vs. IMPERIAL AUTOMOBILES PRIVATE LIMITED, KOLKATA

In the result, appeal of the revenue stands dismissed

ITA 171/RAN/2023[2012-13]Status: DisposedITAT Ranchi09 Jun 2025AY 2012-13

Bench: BEFORES/SHRI GEORGE MATHAN, JUDICIAL MEMBER AND RATNESH NANDAN SAHAY (Accountant Member)

For Appellant: Shri R.R.Mittal, ARFor Respondent: Smt. Rinku Singh, CIT DR
Section 143(3)Section 147Section 148Section 156Section 288A

68,630/- have been checked at random basis and some discrepancies wee found. Some of the bills/vouchers were found to be petty in nature and intentionally vouched. Considering this fact, 20% of expenses incurred under major head “other expenses” are disallowed and added back to the total income of assessee during the period under consideration,. Considering the above, expenses debited