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8 results for “house property”+ Unexplained Cash Creditclear

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Key Topics

Section 14810Section 132A8Addition to Income6Section 2504Section 143(3)(ii)4Section 153A4Search & Seizure4Section 143(2)3Section 124(3)(a)

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01,, VARANASI vs. SHRI GANESH PRASAD,, VARANASI

The appeal of the Revenue is allowed for statistical purposes

ITA 138/VNS/2020[2017-2018]Status: DisposedITAT Varanasi07 Feb 2023AY 2017-2018

Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2017-18 The Deputy Commissioner Of Income - Mr. Ganesh Prasad, Tax, V. S-6/108, Golghar Katchhari, Circle-1, Aayakarbhawan, Varanasi-221002, U.P. Maqboolalam Road Varanasi-221002, U.P.

For Appellant: Shri Subash Chand Adv. & Sh. Ashutosh BhardwajFor Respondent: Shri A.K. Singh, Sr. DR
Section 142(1)Section 143(2)Section 143(3)Section 69A

credit entry remains unexplained regarding nature and source and hence is to be taxed as per section u/s 69A of the Act. The penalty u/s. 271AAC of the Act is to be initiated Addition Rs. 1,63,28,547/- 9 Assessment Year: 2017-18 DCIT, Circle-1, Varanasi v. Mr. Ganesh Prasad, Varanasi which is factually wrong. The aforesaid (page

2
Section 69A2

INCOME TAX OFFICER, WARD - 2 (1),, VARANASI vs. PROMINENT DATAMATICS MARKETING PVT. LTD., , VARANASI

ITA 135/VNS/2020[2017-2018]Status: DisposedITAT Varanasi05 Jan 2026AY 2017-2018

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

Section 124(1)(a)Section 124(2)Section 124(3)(a)Section 250(1)Section 255(4)Section 69A

house property or in shares or in bands, without proving the factual existence of such an investment? There must be some starting point. It would be all too easy (and oppressive (sic) for an Income-tax Officer to say to an assessee that "your background shows that you have a lot of money. You must have invested it. Now tell

SHRI GHANSHYAM JAISWAL,,AZAMGARH vs. DY. C.I.T., CIRCLE - 1, GORAKHPUR

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

ITA 14/VNS/2020[2009-2010]Status: DisposedITAT Varanasi16 Jan 2023AY 2009-2010

Bench: Ramit Kochar

Section 132ASection 143(3)(ii)Section 153ASection 250

credit account , on which the interest rate varies from 14% to 17%, in December 2007 and January 2008 and after lapse of about 4-6 months,was given for purchase of land . I.T.A. No.14-17/VNS/2020 Assessment Year:2009-10 to 2012-13 7 Shri Ghanshyam Jaiswal v. DCIT, Circle-1,Gorakhpur, U.P. Hence, it is not believable , that

SHRI GHANSHYAM JAISWAL,AZAMGARH vs. DY. CIT, CIRCLE - 01, GORAKHPUR

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

ITA 17/VNS/2020[2012-2013]Status: DisposedITAT Varanasi16 Jan 2023AY 2012-2013

Bench: Ramit Kochar

Section 132ASection 143(3)(ii)Section 153ASection 250

credit account , on which the interest rate varies from 14% to 17%, in December 2007 and January 2008 and after lapse of about 4-6 months,was given for purchase of land . I.T.A. No.14-17/VNS/2020 Assessment Year:2009-10 to 2012-13 7 Shri Ghanshyam Jaiswal v. DCIT, Circle-1,Gorakhpur, U.P. Hence, it is not believable , that

SHRI GHANSHYAM JAISWAL,AZAMGARH vs. DY. CIT, CIRCLE - 1, GORAKHPUR

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

ITA 16/VNS/2020[2011-2012]Status: DisposedITAT Varanasi16 Jan 2023AY 2011-2012

Bench: Ramit Kochar

Section 132ASection 143(3)(ii)Section 153ASection 250

credit account , on which the interest rate varies from 14% to 17%, in December 2007 and January 2008 and after lapse of about 4-6 months,was given for purchase of land . I.T.A. No.14-17/VNS/2020 Assessment Year:2009-10 to 2012-13 7 Shri Ghanshyam Jaiswal v. DCIT, Circle-1,Gorakhpur, U.P. Hence, it is not believable , that

SHRI GHANSHYAM JAISWAL,AZAMGARH vs. DY.CIT, CIRCLE - 1,, GORAKHPUR

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

ITA 15/VNS/2020[2010-2011]Status: DisposedITAT Varanasi16 Jan 2023AY 2010-2011

Bench: Ramit Kochar

Section 132ASection 143(3)(ii)Section 153ASection 250

credit account , on which the interest rate varies from 14% to 17%, in December 2007 and January 2008 and after lapse of about 4-6 months,was given for purchase of land . I.T.A. No.14-17/VNS/2020 Assessment Year:2009-10 to 2012-13 7 Shri Ghanshyam Jaiswal v. DCIT, Circle-1,Gorakhpur, U.P. Hence, it is not believable , that

MOUSAMI CHOUDHURY,VARANASI vs. DY. CIT, RANGE - 02,, VARANASI

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

ITA 214/VNS/2019[2009-2010]Status: DisposedITAT Varanasi28 Dec 2022AY 2009-2010

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

For Appellant: Sh.ArvindShukla, Adv. & Sh. AsimZafar, AdvFor Respondent: ShriA.K. Singh, Sr.DR
Section 143(2)Section 144Section 144rSection 147Section 148

Credits from various other individuals -holding accounts in the bank. (iii) Transfers from accounts of Gaadheya Developers Put. Ltd. and Sagar Township Pvt. Ltd. (iv) Large cash withdrawals totaling close to Rs. 1 crore. The head office of Oven Commerce is at Howrah, and as per the company website it is engaged as a corporate agent in the insurance business

MOUSAMI CHOUDHURY,VARANASI vs. DY. CIT, RANGE - 2, VARANASI

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

ITA 213/VNS/2019[201-2011]Status: DisposedITAT Varanasi28 Dec 2022

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

For Appellant: Sh.ArvindShukla, Adv. & Sh. AsimZafar, AdvFor Respondent: ShriA.K. Singh, Sr.DR
Section 143(2)Section 144Section 144rSection 147Section 148

Credits from various other individuals -holding accounts in the bank. (iii) Transfers from accounts of Gaadheya Developers Put. Ltd. and Sagar Township Pvt. Ltd. (iv) Large cash withdrawals totaling close to Rs. 1 crore. The head office of Oven Commerce is at Howrah, and as per the company website it is engaged as a corporate agent in the insurance business