Section 68 — ITAT Judgements
189 tribunal judgements dealing with Section 68. Each case includes the facts, the legal issues raised and how the tribunal decided — free to read, no signup.
A Sirkar Co. Jewellers Pvt. Ltd. Vs. D.C.I.T., Circle - 12(1), Kolkata
ITA No.1718/KOL/2024Kolkata25 Mar 2025This is an appeal preferred by the assessee, A Sirkar Co. Jewellers Pvt. Ltd., against the order of the National Faceless Appeal Centre, Delhi, dated 22.09.2023 for the Assessment Year 2017-18. The assessee filed the appeal with a delay of …
Read summaryDCIT, Circle 11(1), Kolkata Vs. M/s. Placid Limited
I.T.A. No.: 2542/KOL/2024Kolkata 'D' Bench19 Mar 2025The case involves additions under section 68 and disallowance under section 14A of the Income Tax Act, 1961, made by the Assessing Officer. The Commissioner of Income Tax (Appeals)-NFAC, Delhi quashed the assessment order dated 16.03.2013. …
Read summaryTechno Teaching Infosolution Pvt. Ltd. Vs. DCIT, Circle-1(2), Kolkata
I.T.A. No. 54/Kol/2024Kolkata Bench17 Mar 2025The assessee, Techno Teaching Infosolution Pvt. Ltd., filed its return of income for Assessment Year 2012-13 declaring total income at Nil and subsequently filed a revised return also declaring total income at Nil. The case was selected for…
Read summaryRedlily Enterprises Pvt. Limited
ITA No. 2236/KOL/2024Kolkata Bench17 Mar 2025The assessee, Redlily Enterprises Pvt. Limited, filed its return of income for the assessment year 2013-14 declaring a loss of Rs.2,83,048/-. The case was selected for scrutiny, and the assessment under section 143(3) of the Act was complet…
Read summaryIndivar Marketing Private Limited
ITA No. 1213/KOL/2024Kolkata Bench17 Mar 2025The assessee, Indivar Marketing Private Limited, filed its return of income for the assessment year 2018-19 declaring a total income of Rs.20,980/-. The company received Rs.16,50,000/- from M/s. Aditi Sanchar Suvidha Pvt. Limited as an adva…
Read summarySitaram Pareek vs. ITO, Ward-36(1), Kolkata
I.T.A. No.378/Kol/2024 & I.T.A. No.653/Kol/2024Kolkata Bench11 Mar 2025The assessee, Sitaram Pareek, is an individual engaged in the business of a commission agent where he purchases jute on behalf of clients, receives money in his account from the clients, withdraws the money, and pays the sellers of jute on …
Read summaryTrimline Agencies Pvt. Ltd. Vs. ITO, Ward-10(2), Kolkata
I.T.A. No. 908/Kol/2024Kolkata Bench10 Mar 2025The assessee, Trimline Agencies Pvt. Ltd., filed its return of income for AY 2012-13 declaring total income at Rs. 11,560/- and deemed total income u/s 115JB at Rs. 7,989/-. The return was processed, and the case was reopened with a notice …
Read summaryITO, Ward-2(1), Kolkata Vs. Infinity Housing Projects Pvt. Ltd.
I.T.A. No. 2255/Kol/2024Kolkata Bench7 Mar 2025The assessee, Infinity Housing Projects Pvt. Ltd., filed a return of income on 05.09.2013 declaring total income at nil. The Assessing Officer (AO) reopened the assessment based on information from ADIT(Inv.) Unit-1(3), Kolkata, indicating …
Read summaryITA No. 2309/KOL/2024 & CO No. 4/KOL/2025
ITA No. 2309/KOL/2024 & CO No. 4/KOL/2025Kolkata Bench4 Mar 2025The assessee, M/s Delightful Estate Developers LLP, filed a return of income on 21.07.2017 declaring total income at ₹ nil. A search action conducted on 25.05.2018 in the case of Banka Group of companies revealed that Mukesh Banka and assoc…
Read summaryNorth India Wires Limited Vs. DCIT, Circle 3(1), Kolkata
ITA No.1125/KOL/2024Kolkata4 Mar 2025The return was filed on 29.03.2013, declaring total income of Rs.3,04,06,700/-. The assessee is engaged in the business of manufacturing LPG Cylinders. The case of the assessee was selected for scrutiny and assessment was framed vide order …
Read summaryIRC (INDIA) LIMITED Vs ACIT, Circle-1(1), Kolkata
ITA No. 296/KOL/2024Kolkata3 Mar 2025This is an appeal filed by the assessee, IRC (INDIA) LIMITED, against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, dated 20.12.2023 passed under section 250 of the Income Tax Act,…
Read summaryMahesh Kumar Choudhary vs. Income Tax Officer, Ward-36(1), Kolkata
ITA No. 2192/Kol/2024SMC Bench Kolkata3 Mar 2025The case involves an appeal by Mahesh Kumar Choudhary against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, which upheld the addition of Rs. 17,35,500 by the Assessing Officer (AO) und…
Read summaryITA No.1332/Del/2020
1332/Del/2020Delhi Bench28 Mar 2025This Revenue’s appeal for assessment year 2014-15, arises against the Commissioner of Income Tax (Appeals)-37 [in short, the 'CIT(A)'], New Delhi’s order dated 17.01.2020 passed in case no. CIT(A), Delhi-37/10010/2016-17, involving proceedi…
Read summarySh. Vijay Pal Solanki vs. Income Tax Officer
ITA No.7596/Del/2019Delhi Bench28 Mar 2025This appeal arises against the Commissioner of Income Tax (Appeals)-15 [CIT(A)/NFAC], Delhi’s order dated 14.08.2019 passed in case no. 35/16-17, involving proceedings under section 143(3) of the Income-tax Act, 1961. The learned Assessing …
Read summaryAvtar Instalments Pvt. Ltd. Vs DCIT
ITA No. 4402/Del/2024Delhi Bench ‘E’, New Delhi27 Mar 2025The appellant, Avtar Instalments Pvt. Ltd., is a Non-Banking Financial Company (NBFC) that entered into an unsecured loan transaction amounting to Rs. 40,00,000/- with M/s Sustainable Agro Commercial Finance Ltd. (SAFL) on 14.04.2017. The t…
Read summaryLate Arvind Kumar Kotawal vs ACIT, Circle 70(1), New Delhi
ITA No:- 9580/Del/2019Delhi Bench27 Mar 2025The return of income for A.Y. 2014-15 was filed by the assessee / appellant on 14.07.2014, declaring total income at Rs. 38,26,220/-. The assessee was selected for scrutiny and an initial notice u/s 143(2) dated 21.09.2015 was issued and se…
Read summaryAye Finance (P) Ltd. vs ACIT
ITA No.4825/Del/2024Delhi Bench26 Mar 2025The assessee, Aye Finance (P) Ltd., is a private limited company engaged in providing micro and small business loans and is regulated by the RBI. The return of income for the year was filed at a loss, which was later revised. The case was p…
Read summaryHITCHKI CREATION PVT. LTD. VS. DCIT, CENTRAL CIRCLE, MEERUT
ITA NO. 8192/Del/2018DELHI BENCH 'C', NEW DELHI26 Mar 2025A search and seizure operation under section 132 was conducted on 27.11.2014 in the case of Maconns, Meenu and Yadav Singh Group, wherein certain incriminating documents were found and seized relating to the assessee. Subsequently, a notice…
Read summarySh. Praveen Gupta Vs. ACIT, New Delhi
ITA No. 1487/Del/2024Delhi Benches 'F', New Delhi25 Mar 2025The present appeal has been filed by the assessee, Sh. Praveen Gupta, against the order dated 25.01.2024 passed by the learned Commissioner of Income-tax (Appeals) [in short “CIT(A)”] u/s. 250(6) of the Income-tax Act, 1961. This is the sec…
Read summaryHindustan Trust Pvt. Ltd. vs. Income Tax Officer
ITA No.4711/Del/2024Delhi Bench ‘B’20 Mar 2025The assessee, Hindustan Trust Pvt. Ltd., is a private limited company engaged in the wholesale trading of drugs and medicines. The return of income for the assessment year 2017-18 was filed on 02.10.2017 declaring a total income of Rs. 26,1…
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