Section 68 of the Income Tax Act, 1961 — ITAT Judgements
132 tribunal judgements dealing with Section 68 of the Income Tax Act, 1961. Each case includes the facts, the legal issues raised and how the tribunal decided — free to read, no signup.
Sanjeev Bhardwaj vs ACIT
ITA No.4586/Del/2025Delhi "A" Bench: New Delhi25 Feb 2026AY 2012-13The assessee filed his return of income on 18.05.2019, declaring total income of INR 381,54,310/-. During the assessment proceedings, AO observed that assessee has received funds from M/s Oxygen Projects Pvt. Ltd. of INR 50,00,000/-. After …
Read summaryDCIT, Circle-19(1), New Delhi. Vs P.C. Global Merchandising Pvt. Ltd.
ITA No. 3072/Del/2025Delhi Bench25 Feb 2026AY 2020-21The assessee, P.C. Global Merchandising Pvt. Ltd., filed its return of income for A.Y. 2020-21 declaring total income of Rs. 7,35,924/- under normal provisions and Rs. 35,26,524/- under deemed total income under Section 115JB. The case was …
Read summaryITO vs Naresh Kumar Aggarwal
ITA No.174/Del/2025Delhi 'A' Bench, New Delhi25 Feb 2026AY 2016-17The assessee is an individual engaged in the business of manufacturing footwear and footwear components under the name M/s. Ajay Plastic Industries. The assessee declared a loss of INR 1,25,11,337/- in his return of income for AY 2016-17. T…
Read summaryACIT vs Techno FAC Contracts Private Ltd
ITA No. 1735/DEL/2025Delhi Bench ‘G’, New Delhi25 Feb 2026AY 2017-18The assessee company filed its original return for A.Y.2017-18 declaring income of Rs. 99,75,480/-. The case was selected for scrutiny, and the assessee was required to submit requisite evidences to prove the identity and creditworthiness o…
Read summaryIncome Tax Officer, Rohtak vs Vijender Goyal
ITA No.4627/Del/2024Delhi Bench25 Feb 2026AY 2021-22The Revenue has appealed against the order of the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre, New Delhi, dated 02.08.2024, which deleted additions made by the Assessing Officer in the assessment order dated 26.12.2…
Read summaryAssistant Commissioner of Income Tax, Circle 10(1), R. No. 389A, 3rd Floor, CR Building, IP Estate, Delhi 110001 Vs. Jindal Poly Films Limited, 19th K.M. Hapur, Bulandshahar Road, P.O. Gulaothi, Bulandshahar, Uttar Pradesh 203408
ITA No.1611/DEL/2023 (A.Y.2012-13)Delhi Bench 'C', Delhi25 Feb 2026AY 2012-13The assessee/respondent is engaged in the business of manufacturing Polyester chips, Biaxially Oriented Polyester Film, Biaxially Oriented Poly Propylene Film, Metalized Film and PVDC Films. The assessee filed its return of income for AY 20…
Read summaryCompass India Holidays Pvt. Ltd. Vs Income Tax Officer
ITA No.- 672/Del/2025Delhi BenchAY 2015-16During the year, the assessee company was engaged in the business of Tour operators for inbound Tourist. Return declaring loss of Rs. (11,74,002)/- was e-filed by the assessee company on 30.09.2015 which was processed u/s 143(1) of the I.T.…
Read summaryHarish Chander Sehgal vs ITO
ITA No.3868/Del/2025Delhi Bench ‘F’, New Delhi23 Feb 2026AY 2017-18The assessee filed his return of income declaring an income of Rs.3,89,310/-. The case for the A.Y. 2017-18 was selected for scrutiny and assessment u/s 143(3) was completed vide order dated 30/12/2019 at Rs.1,62,96,190/-. The A.O made addi…
Read summaryKarnal Agricultural Steel Industries vs. Assistant Commissioner of Income Tax
MA No. 151/Del/2024Delhi Bench 'D'20 Feb 2026AY 2009-10The assessee filed a Miscellaneous Application seeking recalling of an ex-parte order dated 24.04.2018. The assessee claimed that no notice of hearing was received after filing the appeal, leading to non-appearance on the hearing dates. The…
Read summaryDeputy Commissioner of Income Tax Vs. ICMC Projects P. Ltd.
आअसं.9210/धिल्ली /2025 (नि.व. 2019-20)Delhi Bench19 Feb 2026AY 2019-20The Revenue appealed against the order of the Commissioner of Income-tax (Appeals)-29, New Delhi, dated 27.08.2025, for the Assessment Year 2019-20. The Department submitted that the assessee's assessment was reopened following information …
Read summaryJoint Commissioner of Income Tax, OSD vs. AFP Manufacturing Co. P. Ltd.
ITA No. 3107/DEL/2025 (A.Y. 2018-19)Delhi Bench 'C'19 Feb 2026AY 2018-19The Revenue has appealed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, dated 29.03.2025, for AY 2018-19. The Revenue challenges the deletion of an addition of Rs.1,44,34,290/- …
Read summaryAnju Kesarwani Vs. Deputy Commissioner of Income Tax
आअसं.7146/धिल्ली /2025 (नि.व. 2014-15)Delhi Bench18 Feb 2026AY 2014-15The assessee sold 4,000 shares of PMC Fincorp Ltd. and declared Short Term Capital Gain (STCG) of Rs. 8,59,559/-. The STCG was duly disclosed in the return of income. The return was processed under section 143(1) of the Act accepting the re…
Read summaryAmita Jain vs ITO WARD-36(1)
ITA No. 5876/DEL/2025Delhi Bench ‘G’, New Delhi18 Feb 2026AY 2013-14The assessee, Amita Jain, has raised several grounds of appeal against the orders passed by the Ld. CIT(A)/NFAC, Delhi under Section 250 of the Income Tax Act, 1961 for A.Y. 2013-14. The assessment was framed by the Assessing Officer under …
Read summaryITO vs M/s Ranyal Traders Pvt. Ltd.
ITA No. 5725/DEL/2025Delhi Bench ‘G’, New Delhi18 Feb 2026AY 2017-18The assessee company, incorporated on 06.11.1991, is engaged in trade of import-export and supply of clothing, hosiery, readymade garments, fabrics, textiles, trading and allied activities under the trade name of 'Ranyal Impex International…
Read summaryCITYCON BUILDWEL PRIVATE LIMITED, VS. ACIT, CIRCLE 6(1)
ITA No.4988/Del/2025Delhi Bench ‘E’ : New Delhi18 Feb 2026AY 2016-17The assessee company filed its return of income for AY 2016-17 electronically on 14.10.2016 declaring a loss. The case was selected for scrutiny through CASS. Notice u/s. 143(2) of the Act dated 11.7.2017 was issued electronically and duly …
Read summaryITO vs A R Enterprises
ITA No.4565/Del/2025Delhi 'B' Bench18 Feb 2026AY 2015-16The assessee, a partnership firm engaged in trading of S.S. Steel goods, filed its return of income declaring total income at INR 5,850/-. The case was selected for scrutiny through CASS due to low PBIT, large increase in sundry creditors, …
Read summaryDevon Metals P. Ltd. Vs. Income Tax Officer, Ward 7(1)
आअसं.1435/धिल्ली /2025(नि.व. 2017-18), ITA No.1435/DEL/2025 (A.Y.2017-18)Delhi Bench18 Feb 2026AY 2017-18The assessee, Devon Metals P. Ltd., filed an appeal against the order of Commissioner of Income Tax (Appeals)-24, New Delhi dated 29.11.2024 for AY 2017-18. The assessee did not wish to press the Application dated 25.08.2025 seeking admissi…
Read summarySapra Iron Store vs. Income Tax Officer
ITA Nos.1448 & 1449/DEL/2025Delhi Bench 'C', Delhi16 Feb 2026AY 2012-13 & 2013-14The assessee, Sapra Iron Store, is engaged in trading of ferrous and non-ferrous metals. The assessment for AY 2012-13 and 2013-14 were made u/s.143 r.w.s. 147 of the Act. The assessee is a partnership firm managed by Shri Jitender Kumar Sa…
Read summaryAMIT GOYAL HUF vs. INCOME TAX OFFICER
ITA No. 1159/Del/2024DELHI BENCH ‘A’ : NEW DELHI16 Feb 2026AY 2015-16The assessee, AMIT GOYAL HUF, filed an appeal against the order of the Ld. NFAC dated 31.1.2024, which confirmed the action of the AO in denying the exemption claimed u/s. 10(38) amounting to Rs. 1,16,65,248/- in respect of Long Term Capita…
Read summaryM/s Stance Consumer Electronics Pvt. Ltd. vs. DCIT
ITA Nos.2791 & 2792/Del/2025Delhi Bench ‘B’AY 2016-17 & 2017-18The assessee, M/s Stance Consumer Electronics Pvt. Ltd., filed returns declaring losses and income for AY 2016-17 and 2017-18 respectively. The case was reopened and reassessed based on alleged accommodation entries and unexplained credits.…
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