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.
ITO, Circle-25(2), Delhi Vs. Tractebel Engineering Pvt Ltd.
ITA No. 5337/Del/2024Delhi Bench9 Jan 2026The assessee company, Tractebel Engineering Pvt Ltd., was engaged in providing comprehensive services in power, oil, gas, and infrastructure sectors. The company had reflected advances received from customers amounting to Rs. 5,55,57,145/- …
Read summaryITA No.5282/Del/2024
5282/Del/2024Delhi Bench8 Jan 2026This Revenue’s appeal for assessment year 2017-18 arises against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [in short, the “CIT(A)/NFAC”], Delhi’s DIN and order no. ITBA/NFAC/S/250/2024-25/1068493517(1), dated …
Read summaryAddl. CIT Special Range Vs. Ghaziabad Ship Breakers Pvt. Ltd.
ITA No.5070/Del/2024Delhi Bench14 Jan 2026The case pertains to the assessment year 2017-18 where the Assessing Officer (AO) made additions to the income of Ghaziabad Ship Breakers Pvt. Ltd. on account of unexplained cash sales, under valuation of closing stock, and unexplained expe…
Read summaryITA No.9692/Del/2019
9692/Del/2019Delhi Bench23 Jan 2026The assessee, M/s. ESS AAR Automotive Pvt. Ltd., filed its return of income declaring income of Rs.39,54,870/- for the Assessment Year 2013-14. During the assessment proceedings, the Assessing Officer (AO) observed that the assessee had obt…
Read summarySen Ferro Alloys (P) Ltd. vs ACIT, CC-4(3), Kolkata
ITA No.2358 & 2359/KOL/2024Kolkata29 Jan 2026The case involves two appeals filed by Sen Ferro Alloys (P) Ltd. against the order passed by the Id. CIT(A), Kolkata-27, for the assessment years 2014-2015 & 2015-2016. A search was conducted on the assessee on 01/12/2015, leading to the co…
Read summarySamudra Commotrade (P) Ltd. Vs. A.O., NFAC, New Delhi
ITA No.: 1057/KOL/2023Kolkata 'C' Bench15 Jan 2026The assessee, Samudra Commotrade (P) Ltd., had its assessment completed under sections 147/143(3)/144/263 of the Income Tax Act, 1961, on 31.03.2016. An addition of ₹9,97,50,000/- was made on account of unexplained cash credit, assessing th…
Read summaryRoshan Agarwal vs. DCIT, Central Circle 3(2), Gangtok
ITA Nos.1739-1743/Kol/2025Kolkata Bench13 Jan 2026The assessee, Roshan Agarwal, an individual residing in Sikkim, filed returns of income declaring total income as 'Nil' and claimed exemption of income of Rs. 3,14,25,287/- under section 10(26AAA) of the Income Tax Act, 1961. The case was s…
Read summaryRajeev Kejriwal Vs. I.T.O., Ward-33(1), Kolkata
ITA No.: 2981/KOL/2025Kolkata 'SMC' Bench28 Jan 2026The assessee, Rajeev Kejriwal, an individual, filed his return of income for the assessment year 2017-18 showing a total income of ₹17,80,400/-. The case was selected for scrutiny under the Computer Assisted Scrutiny Selection (CASS) and th…
Read summaryH R Infracon Limited Vs. DCIT, Circle-7(1), Kolkata
ITA No.: 2835/KOL/2025Kolkata ‘B’ Bench30 Jan 2026The assessee, H R Infracon Limited, filed a return of income for AY 2022-23 declaring a loss of ₹2,56,182/-. The case was selected for scrutiny due to high liabilities compared to low income/receipts and large turnover with unaudited books …
Read summaryDCIT, CC-4(4), Kolkata Vs. Mira Bibi
ITA No. 727/KOL/2025Kolkata20 Jan 2026The case involves the reopening of the assessment of Mira Bibi for the assessment year 2017-18 under section 148 of the Income-tax Act, 1961 due to discrepancies between her income return and substantial cash deposits and withdrawals. Durin…
Read summaryDeputy Commissioner of Income Tax, Central Circle 4(3), Kolkata vs. Vivek Gupta
ITA No.1592/Kol/2025Kolkata Bench20 Jan 2026The case involves an appeal by the revenue and a cross objection by the assessee, Vivek Gupta, against the order passed by the Ld. Commissioner of Income Tax (Appeals), Kolkata. The revenue contested the deletion of an addition of Rs. 25,00…
Read summaryAVR Hotels & Resorts Pvt. Ltd. vs ITO, Ward-14(1), Kolkata
ITA No.2596/KOL/2025Kolkata Bench12 Jan 2026The assessee, AVR Hotels & Resorts Pvt. Ltd., is a Private Limited Company engaged in trading and hotel operations. It filed its return of income for A.Y. 2018–19 declaring a total income of ₹9,40,973. The case was selected for scrutiny, an…
Read summaryZany Share Trading Pvt. Ltd. vs. Income Tax Officer, Ward-8(3)(4)
I.T.A. No. 4991/Mum/2025Mumbai19 Jan 2026Assessee filed its return of income for the year under consideration on 02/03/2011 declaring total income of Rs. 657/-. The return was processed u/s 143(1) of the Act. Subsequently, the assessment was reopened u/s. 147 by issuing notice u/s…
Read summaryUmashankar Shiwaprasad Modi vs. Income Tax Department
ITA No. 5074/MUM/2025Mumbai Bench13 Jan 2026The assessee, Umashankar Shiwaprasad Modi, filed an appeal against the order passed by the Commissioner of Income-tax (Appeals)-National Faceless Appeal Centre- Delhi for the assessment year 2018-19. The principal grievance of the assessee …
Read summarySukir Ladaku Naik Vs ITO, 28(3)(1), Mumbai
ITA No. 5912/MUM/2025SMC Bench, Mumbai6 Jan 2026The assessee, Sukir Ladaku Naik, is an individual and proprietor of Sanjay Country Bar, engaged in the business of selling Indian-made liquor. All sales during the relevant financial year were in cash, which were deposited in bank accounts …
Read summarySudesh Dhanraj Murpana (HUF) Vs. Income Tax Officer – 23(3) (1)
ITA No. 5485/MUM/2025Mumbai28 Jan 2026The assessee, Sudesh Dhanraj Murpana (HUF), filed its return of income on 13.03.2014, reporting total income at Rs. 6,04,020/-. Information was received by the Assessing Officer from the Insight portal that the assessee had sold shares in t…
Read summarySangeeta Motilal Shahani Vs. ITO 27(3)(1)
ITA No. 7078/Mum/2025SMC Bench, Mumbai9 Jan 2026The assessee, Sangeeta Motilal Shahani, filed her return on 30.03.2013, which was processed under section 143(1) of the Income Tax Act, 1961, and selected for scrutiny under section 143(3) of the Act. The assessment was completed with an ad…
Read summaryM/s. R.M. Bhuther and Co. Vs. National Faceless Appeal Centre
ITA No.7294/Mum/2025Mumbai Bench23 Jan 2026The assessee, M/s. R.M. Bhuther and Co., a partnership firm, filed its original return of income for the Assessment Year 2017-18 declaring total income at Rs.Nil. The return was processed under section 143(1) of the Income Tax Act, 1961. Th…
Read summaryNilesh Premjibhai Patel Vs. ITO, Ward 32(2)(4)
I.T.A. No. 3851/Mum/2025SMC Bench, Mumbai6 Jan 2026The present appeal has been filed by the assessee, Nilesh Premjibhai Patel, challenging the order dated 31.03.2025 passed by the National Faceless Appeal Centre, Delhi, under section 250 of the Income Tax Act, 1961, for the assessment year …
Read summaryM/s. Sapphire Fintech Private Limited v/s Deputy Commissioner of Income Tax
ITA No.594/MUM/2023Mumbai2 Jan 2026The assessee, M/s. Sapphire Fintech Private Limited, is engaged in the business of investment. For the assessment year 2012-13, the assessee filed its return of income declaring a total loss. During the scrutiny assessment, it was observed …
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