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2 results for “section 68”+ Section 85clear

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Key Topics

Section 271(1)(c)6Section 143(3)3Section 682Addition to Income2

M/S AAKAR HOUSING DEVELOPERS PVT. LTD.,VARANASI vs. ACIT, CIR. - 02, VARANASI

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

ITA 33/ALLD/2018[2013-2014]Status: DisposedITAT Varanasi16 Sept 2022AY 2013-2014

Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: 2013-14 M/S. Aakar Housing Assistant Commissioner Of Income Tax Developers Pvt. Ltd. V. Circle-2, B-21/62 , Kamachha, M.A. Road, Varanasi-221001, U.P. Varanasi, U.P. Pan:Aahca1616Q (Appellant) (Respondent)

For Appellant: Shri Ashish Bansal AdvFor Respondent: Shri A.K. Singh Sr. DR
Section 133(6)Section 143(2)Section 143(3)Section 68

Section 68 of the Act, and ld. CIT(A) confirmed the additions. Our attention was drawn to Para 3.5 onwards of the assessment order passed by AO and also to Para 6 of appellate order passed by ld. CIT(A). It was submitted that there was cash receipts from all these 17 persons aggregating to the tune

RAEES ALAM SIDDIQUI,GHAZIPUR vs. DY. C.I.T., RANGE - 1, VARANASI

In the result, the appeal of the assessee is allowed

ITA 39/VNS/2024[2015-2016]Status: DisposedITAT Varanasi31 Dec 2025AY 2015-2016

Bench: SH. SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER AND SH. NIKHIL CHOUDHARY (Accountant Member)

For Appellant: Sh. Arvind Shukla, AdvocateFor Respondent: Smt. Amandeep Kaur, Sr. DR
Section 143(3)Section 145(3)Section 271Section 271(1)(c)

68,17,250/-. An assessment under section 143(3) was completed on 6.12.2017 determining total income at Rs. 82,90,220/-. During the course of assessment, it was found that sundry creditors and other expenses were unverifiable. Therefore, the ld. AO rejected the assessee’s books of accounts under section 145(3) and determined the assessee