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.
Income Tax Officer vs Kulbir Singh Arora
ITA No.- 7061/Del/2025Delhi Bench12 Feb 2026AY 2017-18The assessee, Kulbir Singh Arora, proprietor of M/s R K Jewellery, filed his return of income for AY 2017-18 declaring a total income of Rs. 18,10,030/-. The case was selected for scrutiny, and the AO noted an unpaid liability of Rs. 2,81,9…
Read summarySree Narayana Guru Cooperative And Credit Society Limited Vs. ITO Ward 43(6)
ITA Nos.5164 & 5165/Del/2025Delhi Bench12 Feb 2026AY 2012-13 & 2017-18The assessee, a thrift and credit society, had its case reopened under Section 147 of the Income Tax Act, 1961, due to unexplained cash deposits of Rs. 1,51,25,143/- and term deposit liabilities of Rs. 3,16,38,935/-. The assessee claimed th…
Read summaryDCIT, Central Circle-17 Vs M/s D-Art Furniture Systems Pvt. Ltd.
ITA No.205/Del/2020Delhi Bench ‘F’, New Delhi12 Feb 2026AY 2009-10The Revenue has filed an appeal against the order dated 31.10.2019, passed by the Learned Commissioner of Income Tax(Appeals)-34, New Delhi, for Assessment Year 2009-10. The assessment order was passed by the Assessing Officer under section…
Read summaryHemant Kumar, Assistant Commissioner of Income Tax vs. Kasturi Jewellers P. Ltd.
ITA No.3926/Del/2025Delhi Bench 'F'11 Feb 2026AY 2017-18The Revenue appealed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, which deleted an addition of Rs.14,52,23,691/- made under section 68 read with section 115BBE of the Income Tax Act,…
Read summaryDCIT VS. M/S IT Enfraservices Pvt. Ltd.
ITA No. 5961/Del/2025Delhi Bench ‘G’ New Delhi11 Feb 2026AY 2023-24The Deputy Commissioner of Income Tax, Central Circle-1, made an addition of Rs. 5,26,26,000/- on account of unexplained loan u/s 68 of the Income Tax Act, 1961. The assessee, M/s IT Enfraservices Private Limited, appealed before the Ld. Co…
Read summaryArchana Gupta Vs. Income Tax Officer
ITA No.1721/Del/2025Delhi Bench6 Feb 2026AY 2017-18The assessee filed its return of income on 30.10.2017 declaring income of Rs.2,84,390/-. The case was selected for detailed scrutiny due to quantitative details of principal items of goods traded or raw material as well as finished goods no…
Read summaryIncome Tax Officer, Room No.238B, 2nd Floor, C.R. Building, I.P. Estate, Delhi-110002 Vs. Sukam Jewellers Pvt Ltd.
ITA No.4040/Del/2024Delhi Bench6 Feb 2026AY 2017-18The appellant company filed its return of income for the assessment year under reference declaring total income of Rs.15,13,486/-. Subsequently, the case was selected for scrutiny under CASS and statutory notice under section 143(2) of the …
Read summaryIncome Tax Officer, Sector-12, Bay No.25-28, Urban Estate, Karnal, Haryana-132001 Vs. SHIV SHANKAR RICE MILLS, GOGRIPUR ROAD KARNAL, KARNAL, Haryana-132001
ITA No.4630/Del/2024Delhi Bench6 Feb 2026AY 2013-14The assessee, a partnership firm, filed its return of income for Assessment Year 2013-14. The case was reopened and reassessed under section 147/144B of the Income Tax Act, 1961. The Assessing Officer made certain additions which were delet…
Read summaryDCIT vs. Prudential Hotels Pvt. Ltd
ITA No.2936/Del/2024Delhi Benches ‘A’6 Feb 2026AY 2017-18The assessee filed its return of income for A.Y. 2017-18 declaring a loss. The case was selected for scrutiny, and the Assessing Officer observed that the assessee had repaid 'advance against equity' to the tune of Rs.13.40 crores, which wa…
Read summaryACIT vs. M/s Sparsh Property Private Limited
ITA No. 5849/DEL/2024 (AY 2016-17)Delhi Bench ‘G’6 Feb 2026AY 2016-17The assessee, M/s Sparsh Property Private Limited, filed its original return of income for AY 2016-17 declaring a net loss. A search and seizure action was carried out in the case of Filatex Group and related entities, revealing that the as…
Read summaryMR Proview Real Tech Pvt. Ltd. vs DCIT
ITA No. 5564/Del/2025Delhi Bench ‘F’, New Delhi5 Feb 2026AY 2013-14The assessee’s appeal for Assessment Year 2013-14 arises against the CIT(A)-29, New Delhi’s order dated 16.08.2025 in case No. CIT (A), Delhi-29/10257/2012-13, in proceedings u/s 147 of the Income Tax Act, 1961. The assessee raises its sole…
Read summaryDCIT, Central Circle-19, New Delhi vs. Chawla Jewellers
ITA No.954/Del/2023Delhi Bench4 Feb 2026AY 2017-18The assessee, Chawla Jewellers, is engaged in the business of sale and purchase of gold and diamond jewellery. The Assessing Officer made an addition of Rs.15,35,00,000/- u/s. 68 of the Income Tax Act, 1961, on the basis of cash deposits du…
Read summaryIncome Tax Officer, Ward-1(1), R. No.199F, Central Revenue Building, I.P Estate, Delhi 110002 Vs. Adonia Systems P. Ltd., BN-5, West Shalimar Bagh, Delhi 110088
ITA No.835/DEL/2025 (A.Y.2019-20)Delhi Bench 'C', Delhi3 Feb 2026AY 2019-20The Revenue has appealed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, dated 18.12.2024, for AY 2019-20. The Revenue challenges the deletion of additions made under Section 68 and Sec…
Read summaryRajesh Kumar Seth vs ITO WARD 43(1)
ITA No. 5529/DEL/2025Delhi Bench ‘F’, New Delhi3 Feb 2026AY 2017-18The assessee, Rajesh Kumar Seth, is in the business of trading in jewellery and had made cash deposits of Rs 2.27 crore during the demonetization period. The Assessing Officer (AO) sought to tax the cash deposited in the bank of Rs 2,27,35,…
Read summaryAssistant Commissioner of Income Tax, Circle-27(2) Vs Yakult Danone India Private Limited
ITA No.1547/Del/2025Delhi Bench2 Feb 2026AY 2017-18The assessee, Yakult Danone India Private Limited, deposited a total cash amount of Rs.2,88,38,558/- in its bank account during the demonetization period. The Assessing Officer added Rs.2,89,13,855/- under section 68 of the Income Tax Act, …
Read summaryBrahmaputra Infrastructure Limited vs DCIT, NEW DELHI
ITA No. 5130/DEL/2018Delhi Bench ‘F’, New Delhi2 Feb 2026AY 2015-16The assessee company, Brahmaputra Infrastructure Limited, filed its return of income on 30.03.2016 declaring a total income of Rs.4,98,23,690/-. The Assessing Officer (AO) found that the assessee had deposited cash of Rs. 53.50 lakh in the …
Read summaryM/s. Stratus Commodities Pvt. Ltd. Vs. ITO, Ward-1(1), Kolkata
I.T.A. No. 1952/Kol/2024Kolkata25 Mar 2025The Assessing Officer received information from the Investigation Wing that the assessee, M/s. Stratus Commodities Pvt. Ltd., is a beneficiary of an accommodation entry amounting to Rs. 90,00,000/- from M/s. Canary Tradecom Pvt. Ltd. Conseq…
Read summaryDCIT, Central Circle-4(2), Kolkata Vs. Alom Poly Extrusions Ltd.
I.T.A. Nos. 1007 & 1425/Kol/2024Kolkata Bench25 Mar 2025The assessee, Alom Poly Extrusions Limited, filed its return of income on 12.10.2016 claiming deduction under Chapter VIA of the Act, 1961, declaring total income at Rs. Nil. A search and seizure operation under section 132 of the Act was c…
Read summaryGlamour Merchandise LLP Vs ITO, Ward-15(2), Kolkata
ITA No. 1197/KOL/2024Kolkata Bench24 Mar 2025This is an appeal filed by Glamour Merchandise LLP against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi dated 26.03.2024 passed u/s. 250 of the Income Tax Act, 1961 for AY 2011-12.…
Read summaryKusum Tater Vs. ITO, Ward-47(2), Kolkata
1297/KOL/2023Kolkata ‘D’ Bench, Kolkata6 Mar 2025The assessee, Kusum Tater, filed a return of income declaring a total income of Rs. 3,19,020/- for the assessment year 2014-15. The case was selected for scrutiny, and the assessee claimed exemption under section 10(38) of the Income Tax Ac…
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