Browse Tax Judgements
Showing 1–20 of 22 judgements · Browse by section & bench
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Sanjeev Bhardwaj vs ACIT
The 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 …
ITO vs Naresh Kumar Aggarwal
The 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…
Compass India Holidays Pvt. Ltd. Vs Income Tax Officer
During 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.…
Anju Kesarwani Vs. Deputy Commissioner of Income Tax
The 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…
CITYCON BUILDWEL PRIVATE LIMITED, VS. ACIT, CIRCLE 6(1)
The 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 …
Devon Metals P. Ltd. Vs. Income Tax Officer, Ward 7(1)
The 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…
Sapra Iron Store vs. Income Tax Officer
The 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…
AMIT GOYAL HUF vs. INCOME TAX OFFICER
The 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…
M/s Stance Consumer Electronics Pvt. Ltd. vs. DCIT
The 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.…
Sh. Inder Chand Bajaj Vs. DCIT
The original return in this case was filed on 28.03.2016 declaring income of Rs.3,24,930/- which was processed u/s 143(1) of the Income Tax Act, 1961. A search and seizure operation was carried out at the various premises of Bajaj Group and…
Yogesh Didwania Vs ACIT, Circle-2(1), Faridabad
The appellant, Yogesh Didwania, a medical professional, filed appeals ITA Nos. 3279 & 3280/Del/2024 for Assessment Years 2012-13 & 2013-14 against the orders of CIT(A)/NFAC, Delhi. The lower authorities had treated the assessee’s cash depos…
Jagdish Lal, Prop. M/s Jagdish Cycle Store, Charkhi Dadri, Bhiwani-127306 Vs Income-tax Officer, Charkhi Dadri
The assessee, Jagdish Lal, filed his return on 8.9.2015 under Section 139(1) of the Income Tax Act, 1961, declaring total income at Rs. 8,19,360/-. It was later found that the assessee had taken accommodation entries of Rs. 11,60,000/- from…
Harjeet Singh Sahni vs DCIT, Central Circle, Ghaziabad
The assessee, Harjeet Singh Sahni, is an individual deriving income from various sources including business, profession, salary, house property, and other sources. The original return was filed on 09.03.2010 declaring an income of Rs.1,36,9…
Kehar Singh vs. DCIT
Search and seizure operations were conducted at the premise of Shri Kehar Singh on 04-03-2020. Notice u/s 153A of the Income Tax Act, 1961 was issued on 08.06.2021. Thereafter, notices u/s 142(1) of the Act were issued on 07-07-2021 & 09-08…
Mrs. Zia Rathi vs. Income Tax Officer
The assessee, Mrs. Zia Rathi, is the sole proprietor of M/s Veezee Traders, engaged in the business of trading PVC Coated Imported Fabric. The main supplier of goods is M/s Trinity Overseas, who imports from outside India and sells to the a…
Sonal Jain Vs. Commissioner of Income Tax (Appeals)
The assessee, Sonal Jain, was employed in the UK and was a non-resident during the relevant period. Assessment proceedings under section 147 of the Income Tax Act, 1961 were initiated after receiving information that the assessee had purcha…
M/s Morpheus Developers Pvt. Ltd. Vs Deputy Commissioner of Income Tax Circle- 17(2) Delhi
The assessee, M/s Morpheus Developers Pvt. Ltd., filed its return of income on 30-03-2018 under section 139(4) of the Income Tax Act, 1961, declaring a loss of Rs.33,56,318/-. The case was selected for scrutiny through CASS due to low incom…
M/s JSP Projects Private Limited Vs DCIT, Central Circle-13
This appeal has been preferred by the assessee against the order dated 21.04.2025 of the Ld. Commissioner of Income Tax(Appeals)-25, arising out of the order under section 153C of the Income Tax Act, 1961 passed on 28.03.2023 by DCIT, Centr…
Deputy Commissioner of Income Tax, Central Circle-1, ARTO Complex, 2nd Floor, Sector-33, Noida, Uttar Pradesh-201301 vs Elixir Buildcon Pvt. Ltd., Plot No. 15A, Elixir Business Park, Sector-127, Gautam Buddh Nagar, Noida, Uttar Pradesh-201301
During the year, the assessee, Elixir Buildcon Pvt. Ltd., carried out activity of running a guest house and restaurant under the name & style of M/s Hide away suites at Elixir business park, 15A, Sector-127, Noida. The Assessing Officer mad…
M/s B G Steels Pvt Ltd.
The assessee, BG Steel Pvt. Ltd., filed its return for A.Y. 2012-13 declaring a total income of Rs. 38,34,130/-. The case was processed under section 143(1) of the Income Tax Act, 1961. Subsequently, based on information from the Investigat…