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6 results for “section 68”+ Section 40A(7)clear

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Key Topics

Section 40A(3)12Section 6810Section 143(3)6Section 2634Disallowance4Addition to Income3Revision u/s 2633Section 234A2Unexplained Cash Credit2

SHRI NAVNEET MODI,RANCHI vs. DCIT,CIRCLE-2, RANCHI

In the result, both appeals of the assessee are allowed

ITA 106/RAN/2019[2015-16]Status: DisposedITAT Ranchi30 Oct 2019AY 2015-16

Bench: Shri C.M.Garg, Jm & Shri L.P. Sahu, Am आयकर अऩीऱ सं./Ita No.106/Ran/2019 & आयकर अऩीऱ सं./Ita No.53/Ran/2019 (नििाारण वषा / Assessment Year :2015-2016 & 2013-2014) Shri Navneet Modi, Vs. Dcit, Circle-2, Ranchi Modi House, Kanke Dam Side Road, Kanke, Ranchi स्थायी ऱेखा सं./ Pan No. : Actpm 1511 F (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri Devesh Poddar, Advocate राजस्व की ओर से /Revenue By : Shri Inderjeet Singh, Cit(Dr)

For Appellant: Shri Devesh Poddar, AdvocateFor Respondent: Shri Inderjeet Singh, CIT(DR)
Section 143(3)Section 234ASection 271(1)(c)Section 68

40A(3) have been applied. Moreover, the assessee maintained day-to-day stock register wherein the raw material purchased were entered into and the finished goods produced have been accepted. Therefore, in so far as the purchase during the year and the corresponding outstanding balance as creditors which relates the assessment year in question, addition ITA No.57/Ran/16 u/s 68 cannot

SHRI BIRENDRA PRASAD,BOKARO vs. ITO WARD-3(1), BOKARO

In the result, all the appeals filed by the assessee are allowed

ITA 365/RAN/2016[2007-08]Status: DisposedITAT Ranchi05 Apr 2019AY 2007-08

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

For Appellant: Shri Devesh Poddar Advocates, ld.ARsFor Respondent: Shri P.K. Mondal, JCIT, ld. DR
Section 133(6)Section 143(3)Section 234ASection 263Section 68

68 of the I.T Act. The Assessing Officer's action is, therefore, upheld. The appellant fails on his grounds of appeal. 7. Aggrieved, by the order of CIT(A), the assessee is in appeal before us. 8. We have given a careful consideration to the rival submissions and perused material available on record. We note that the AO has failed

M/S STEEL CITY FOOD PRODUCTS PVT LTD.,JAMSHEDPUR vs. ACIT, CIRCLE-3, JAMSHEDPUR

In the result, the appeal of the assessee in ITA No

ITA 183/RAN/2015[2007-08]Status: DisposedITAT Ranchi28 Feb 2018AY 2007-08
For Appellant: Shri Devesh Poddar, Advocate, ld.ARFor Respondent: Shri P.K. Mondal, JCIT, ld.DR
Section 133A

7. The appeal of assessee in ITA No. 183/Ran/2016 for the A.Y 2007-08 is allowed. 8. Now, we shall take up the appeal in ITA No. 29/Ran/2016 for the A.Y 2007-08 by the revenue. ITA No. 29/Ran/2016 for the A.Y 2007-08 9. Ground no.1 is relating to deletion of addition made on account of unaccounted purchase

M/S S.P ENTERPRISES,JAMSHEDPUR vs. DCIT, JAMSHEDPUR

ITA 34/RAN/2016[2010-11]Status: DisposedITAT Ranchi15 Feb 2019AY 2010-11

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2010-11

Section 143(3)Section 263Section 40A(3)

40A(3) disallowance of ₹ 1 lac is accepted as per our foregoing detailed discussion. 6. The assessee’s second substantive ground seeks to delete 20% disallowance on various expenses in the nature of freight charges, job contract expenses and site expenses to the tune of Rs.12.51 lac made in lower proceedings. It transpires during the course of hearing that neither

M/S S.P.ENTERPRISES,JAMSHEDPUR vs. ITO WARD-1(5), JAMSHEDPUR

ITA 309/RAN/2016[2009-10]Status: DisposedITAT Ranchi15 Feb 2019AY 2009-10

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2010-11

Section 143(3)Section 263Section 40A(3)

40A(3) disallowance of ₹ 1 lac is accepted as per our foregoing detailed discussion. 6. The assessee’s second substantive ground seeks to delete 20% disallowance on various expenses in the nature of freight charges, job contract expenses and site expenses to the tune of Rs.12.51 lac made in lower proceedings. It transpires during the course of hearing that neither

M/S S.P.ENTERPRISES,JAMSHEDPUR vs. ITO WARD-1(5), JAMSHEDPUR

ITA 310/RAN/2016[2009-10]Status: DisposedITAT Ranchi15 Feb 2019AY 2009-10

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2010-11

Section 143(3)Section 263Section 40A(3)

40A(3) disallowance of ₹ 1 lac is accepted as per our foregoing detailed discussion. 6. The assessee’s second substantive ground seeks to delete 20% disallowance on various expenses in the nature of freight charges, job contract expenses and site expenses to the tune of Rs.12.51 lac made in lower proceedings. It transpires during the course of hearing that neither