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3 results for “disallowance”+ Section 119(2)(b)clear

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Key Topics

Addition to Income3Comparables/TP2

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01,, VARANASI vs. M/S RATANDEEP GOLD & DIAMOND PVT. LTD., CHANDAULI

ITA 136/VNS/2020[2017-2018]Status: DisposedITAT Varanasi03 Feb 2023AY 2017-2018

Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2017-18 The Deputy Commissioner M/S Ratandeep Gold & Diamond Of Income Tax, V. Pvt. Ltd. Circle-1, M A Road, 19, New Mohal, Varanasi-211001, U.P. Near Balika Inter College, Mugalsarai, Chandauli- 232101, U.P. Pan:Aahcr4764Q (Appellant) (Respondent) C.O. No. 02/Vns/2021 (Arising Out Of Ita No. 136/Vns/2020) Assessment Year: 2017-18 M/S Ratandeep Gold & The Deputy Commissioner Of Diamond Pvt. Ltd. V. Income Tax,Circle-1, M.A. Road 19, New Mohal, Varanasi-211001, U.P. Near Balika Inter College, Mugalsarai, Chandauli- 232101, U.P.

For Appellant: Shri Shishir Bajpai, CAFor Respondent: Shri Amalendu Nath Mishra, CIT DR
Section 143(3)Section 69A

2. Apart from this during the Course of survey proceedings in your statement u/s 133 recorded on 05.10.2018(sic. 05.10.2017) for Q 23 you were asked to explain the difference in investment under the sub head furniture and fixture in B/S a difference of Rs 43.00 Lacs was noted and in answer to Q.23 you have offered total amount

OM PRAKASH JAISWAL,,GORAKHPUR vs. INCOME TAX OFFICER, WARD - 1(3),, GORAKHPUR

In the result, both the appeals of the assessee are partly allowed

ITA 216/ALLD/2018[2014-2015]Status: DisposedITAT Varanasi09 Nov 2023AY 2014-2015

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

b) Addition of trading creditor of Rs. 5,17,500/- 2 Om Prakash Jaiswal 3.1 The first issue relates to addition on account of increase in rate of gross profit made by the AO. During the course of assessment proceedings, the assessee did not produce ledger and cash book. Further the Assessing Officer also noticed that the assessee had shown

SHRI OM PRAKASH JAISWAL, PROP. M/S. JAISWAL TRADING COMPANY, ,GORAKHPUR vs. INCOME TAX OFFICER, WARD-1(3), GORAKHPUR

In the result, both the appeals of the assessee are partly allowed

ITA 63/ALLD/2018[2013-14]Status: DisposedITAT Varanasi09 Nov 2023AY 2013-14

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

b) Addition of trading creditor of Rs. 5,17,500/- 2 Om Prakash Jaiswal 3.1 The first issue relates to addition on account of increase in rate of gross profit made by the AO. During the course of assessment proceedings, the assessee did not produce ledger and cash book. Further the Assessing Officer also noticed that the assessee had shown