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Employees’ Contribution to PF & ESI Paid Before Return Filing Due Date Allowable — ITAT Allahabad in Vikarma Sharma v. CIT(A) (NFAC), ITA No. 22/ALLD/2021 (Sections 36(1)(va) & 43B)
Facts of the
CaseThe assessee had deposited employees’ contribution
towards Provident Fund (PF) and Employees’ State Insurance (ESI) after the due
dates prescribed under the respective welfare statutes but before ...
Addition on Gross Commission Based on Form 26AS Beyond Scope of Section 143(1) Adjustment — ITAT Allahabad in Pramod Kumar Tandon v. DCIT, ITA No. 2/ALLD/2022 (Sections 143(1), 44ADA, 194H)
Facts of the
CaseThe assessee, an individual, earned commission
income which was reflected in Form 26AS and subjected to tax deduction at
source under Section 194H. The assessee filed the return of income declaring
b...
Reassessment under Section 147 Based on Bank Transactions & Commodity Trading — ITAT Allahabad in Roop Narayan Pandey vs ITO (AY 2011-12)
FACTS OF THE CASEThe assessee, Mr. Roop Narayan Pandey, was subjected to
reassessment proceedings for Assessment Year 2011-12 after the Assessing
Officer received information regarding substantial transactions in a ban...
ITAT Allahabad in Shashi Vaish v. DCIT (ITA Nos. 1–3/ALLD/2019): Deletion of Additions — Burden of Proof on AO, Sustainable Assessment Principles under the Income-tax Act
Facts of the CaseThe assessee, Shri Shashi Vaish,
was subjected to assessment proceedings wherein the Assessing Officer (AO) made
certain additions to the declared income. The additions were based on alleged
discrepan...
Vinod Kumar Tandon v. ITO (ITAT Allahabad, ITA No. 29/ALLD/2022): Deletion of Additions for Lack of Proper Inquiry — Principles Governing Unexplained Income under the Income-tax Act, 1961
Facts of the CaseThe assessee, Shri Vinod Kumar Tandon, was subjected to
scrutiny assessment by the Income Tax Department. During the assessment
proceedings, the Assessing Officer made additions to the declared income ...
Smt. Shashi Bala v. ITO (ITAT Allahabad, ITA No. 17/ALLD/2022): Deletion of Additions for Unexplained Income — Evidentiary Burden and Valid Assessment under the Income-tax Act, 1961
Facts of the CaseThe assessee, Smt. Shashi Bala, was subjected to scrutiny
assessment proceedings during which the Assessing Officer made additions to the
declared income on account of certain transactions or amounts t...
Kamdhenu Sweets v. ITO (ITAT Allahabad, ITA No. 19/ALLD/2022): Sustainable Additions in Business Income Cases — Evidentiary Standards and Burden of Proof under the Income-tax Act, 1961
Facts of the CaseThe assessee, M/s Kamdhenu Sweets, engaged in business
activities, was subjected to scrutiny assessment proceedings. During the course
of assessment, the Assessing Officer made additions to the declare...
ITO v. Pranav Tripathi (ITAT Allahabad, ITA No. 161/ALLD/2017): Ex-Parte Proceedings and Sustainable Additions — Tribunal’s Approach to Non-Appearance and Evidence under the Income-tax Act, 1961
Facts of the CaseThe appeal before the Income Tax Appellate Tribunal, Allahabad
Bench, arose from an assessment dispute involving the assessee, Shri Pranav
Tripathi. During the appellate proceedings, despite multiple o...
Dinesh Kumar Singh v. Pr. CIT (ITAT Allahabad): Validity of Revision under Section 263 — When Assessment is Not “Erroneous and Prejudicial to Revenue”
Facts of the CaseThe assessee, Shri Dinesh Kumar Singh, was subjected to
scrutiny assessment under Section 143(3) of the Income-tax Act. Subsequently,
the Principal Commissioner of Income Tax (PCIT) invoked revisionary...
ITAT Allahabad Recalls Ex-Parte Order under Section 254(2): Fresh Hearing Allowed on Additions for Unexplained Bank Deposits & MCX Transactions — Roop Narayan Pandey v. ITO (AY 2011-12)
Facts of the CaseThe assessee’s assessment for AY 2011-12 was reopened under
Section 147 based on information regarding commodity transactions on Multi
Commodity Exchange (MCX) and substantial cash deposits in a bank...