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8 results for “section 68”+ Section 144clear

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Key Topics

Section 14815Section 14412Section 142(1)10Section 687Section 143(2)6Addition to Income6Section 1474Section 69A3Limitation/Time-bar3Section 250

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

section 233B47 of the Companies Act, 1956 (1 of 1956), also the report under that section]; (f) where regular books of account are not maintained by the assessee, the return is accompanied by a statement indicating the amounts of turnover or, as the case may be, gross receipts, gross profit, expenses and net profit of the business

2
Unexplained Cash Credit2
Unexplained Investment2

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

section 233B47 of the Companies Act, 1956 (1 of 1956), also the report under that section]; (f) where regular books of account are not maintained by the assessee, the return is accompanied by a statement indicating the amounts of turnover or, as the case may be, gross receipts, gross profit, expenses and net profit of the business

INCOME TAX OFFICER, WARD - 3(1), VARANASI vs. M/S BHGYASHREE VINCOM PVT. LTD.,, VARANASI

In the result, the appeal of the Revenue stands dismissed and the Cross Objection of the assessee is dismissed as infructuous

ITA 132/VNS/2020[2017-2018]Status: DisposedITAT Varanasi26 Sept 2023AY 2017-2018

Bench: Shri. B. R. Baskaran & Shri Amit Shuklaassessment Year:2017-18 The Income Tax Officer, V. M/S Bhagyashree Vincom Pvt. Ltd. Ward-3(1) Sa-2/415, A-9. Prem Chandra Varanasi Nagar Colony, Pandeypur Varanasi Tan/Pan:Aaecb7289D (Appellant) (Respondent) C.O. No.01/Vns/2021 [Arising Out Of Ita No.132/Vns/2020] Assessment Year:2017-18 M/S Bhagyashree Vincom Pvt. Ltd. V. The Income Tax Officer, Sa-2/415, A-9. Prem Chandra Ward-3(1) Nagar Colony, Pandeypur Varanasi Varanasi Tan/Pan:Aaecb7289D (Cross Objector) (Respondent)

For Appellant: Shri Ashish Bansal, Advocate
Section 142(1)Section 143(2)Section 144Section 271ASection 68

144 of the Act. He noted that the assessee has failed to produce the record, the net profit declared and he has also failed to comply with the terms and conditions of notice under section 142(1) of the Act. He further noted that the assessee has also failed to get the accounts audited and he was unable

ABHAY KUMAR SHAHI,DEORIA vs. ITO, WARD - 3(4),, DEORIA

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

ITA 125/VNS/2020[2010-2011]Status: DisposedITAT Varanasi23 Mar 2022AY 2010-2011

Bench: Shri.Vijay Pal Raoassessment Year: 2010-11 Shri Abhay Kumar Shahi, V. Income Tax Officer, Prop. Shahi Brick Field, Salempur, Ward-3(4), Deoria Deoria, U.P. Pan-Bipps5693R (Appellant) (Respondent) Appellant By: Sh. Subhash Chand & Sh. Ashutosh Bhardwaj, Advocates Respondent By: Sh. A.K. Singh, Sr. D.R. Date Of Hearing: 23.03.2022 Date Of Pronouncement: 23.03.2022

For Appellant: Sh. Subhash Chand & Sh. AshutoshFor Respondent: Sh. A.K. Singh, Sr. D.R
Section 142(1)Section 144Section 148Section 250Section 44ASection 68

68 of the Act. The ld. CIT(A) has erred and acted illegally in confirming the same. 2. Because the income of the assessee was to be decided as per section 44AD of the I.T. Act, 1961. The Ld. CIT(A) has erred and acted illegally in confirming the same. 3. Because the income based on deposit is subject

SANJAI KUMAR GUPTA,GORAKHPUR vs. ITO, WARD - 2(2), GORAKHPUR

In the result, the appeal filed by the assessee in ITA no

ITA 59/VNS/2019[2010-2011]Status: DisposedITAT Varanasi21 Apr 2022AY 2010-2011

Bench: Shri.Vijay Pal Rao & Shri Ramit Kocharassessment Year:2010-11 Shrisanjai Kumar Gupta The Income Tax Officer Ismailpur, Gorakhpur- V. Ward 2(2), Gorakhpur-273001, 273005, U.P. U.P. Pan: Aiwpg7908H (Appellant) (Respondent)

For Appellant: Shri Subhash Chand and Shri Ashutosh BhardwajFor Respondent: Shri A.K. Singh, Sr. DR
Section 142(1)Section 143(2)Section 144Section 147Section 148Section 69

144 of the 1961 Act were not served upon the assessee. The ld. CIT(A) observed from the assessment order, that notice u/s 148 was issued by the AO vide registered post and the assessee has not submitted any evidences to substantiate its contentions that notices were not served upon the assessee , and hence this contention raised by the assessee

DY. COMMISSIONER OF INCOME TAX, CIRCLE - 01, VARANASI vs. PERFECT TECNO COUNSULTANTS PVT. LTD. , VARANASI

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

ITA 139/VNS/2020[2017-2018]Status: DisposedITAT Varanasi13 Apr 2023AY 2017-2018

Bench: Shri Ramit Kochar & Shri Pavan Kumar Gadaleassessment Year: 2017-18 Dy. Commissioner Of Income Perfect Techno Consultants Pvt. Ltd., Tax, Circle-1, Aayakarbhawan, V. N-1/65-A, Narrotam Nagar Colony, M A Road, Varanasi- Nagwa, Lanka Varanasi-221005,U.P. 221002,U.P. Pan:Aagcp3236N (Appellant) (Respondent) Revenue By: Sh. Amalendunath Mishra, Cit Dr Assessee By: Sh. Mohammad Ashraf, C.A. Date Of Hearing: 11.04.2023 Date Of Pronouncement: 13.04.2023 O R D E R

For Appellant: Sh. Mohammad Ashraf, C.AFor Respondent: Sh. AmalenduNath Mishra, CIT DR
Section 115JSection 142(1)Section 143(2)Section 144Section 250Section 68Section 69A

68 of the Act, 1961. 2. On the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition of Rs. 31,00,000/- made by the AO on account of unexplained money/cash deposits u/s 69A of the Act, 1961. 3. On the facts and circumstances of the case

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

68, 69, 69A, 698, 69C and 69D of the IT Act, 1961 and thereby the provision of section 1158BE is also inapplicable. The Appellant is unable to understand that under which notification or circular or any other publication the Ld. Assessing Officer has treated the currency deposited in the bank is liable to tax u/s 69/69A

M/S TIWARI CONSTRUCTIONS,SONEBHADRA vs. ITO, WARD -3(4), SONEBHADRA

In the result, the appeal of the assessee is partly allowed

ITA 82/VNS/2019[2012-2013]Status: DisposedITAT Varanasi07 Jun 2022AY 2012-2013

Bench: Shri.Vijay Pal Raoassessment Year: 2012-13 M/S Tiwari Constructions Dibulganj, V. Income Tax Officer, Anpara, Sonebhadra, U.P. Ward-3(4), Sonebhadra Pan-Aafhj0966G (Appellant) (Respondent) Appellant By: None Respondent By: Sh. A.K. Singh, Sr. D.R. Date Of Hearing: 24.05.2022 Date Of Pronouncement: 07.06.2022

For Appellant: NoneFor Respondent: Sh. A.K. Singh, Sr. D.R
Section 133(6)Section 142(1)Section 143(3)Section 144Section 145(3)

section 144 of the Income Tax Act. The Assessing Officer noted that the assessee has received against the contract work of Rs. 453,86,361/- but declared net profit at Rs. 2,68