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Voluntary Donations Received as Custodian Not Taxable as Personal Income: ITAT Allahabad Allows Appeals in Sanjana vs ITO, Ward-1(5), Allahabad (AYs 2012-13 to 2016-17)
Facts of the CaseThe assessee, Ms. Sanjana, was a
spiritual teacher associated with Kriya Yog Ashram & Research Institute,
Jhunsi, Allahabad, a non-profit organisation engaged in propagation of
Kriyayoga. For Asse...
Exemption under Section 11 Not Available Without Valid Registration under Section 12AA: ITAT Allahabad Dismisses Appeal in Saint Mary’s Educational Society vs ITO (Exemptions) (AY 2018-19)
Facts of the CaseThe assessee trust was registered
under section 12A of the Income-tax Act, 1961 on 28.10.1999. For Assessment
Year 2018-19, the assessee filed its return of income on 21.09.2018 declaring
nil income a...
Mechanical Approval under Section 153D and Additions Based on Dumb Documents Held Invalid: ITAT Allahabad Decides Ramji Vaish vs DCIT, Central Circle (Search Assessments AYs 2005-06 to 2011-12)
Facts of the CaseA search and seizure operation under
section 132(1) of the Income-tax Act, 1961 was conducted on 03.02.2011 in the
Ramji Vaish Group, including the assessee, Shri Ramji Vaish, Allahabad.
Pursuant to t...
Ex-Parte Assessment and Appellate Order Set Aside for Lack of Reasonable Opportunity: ITAT Allahabad Restores Matter in Ram Pravesh Singh vs ACIT, Circle-3, Mirzapur (AY 2015-16)
Facts of the CaseThe assessee filed his return of
income for Assessment Year 2015-16 on 15.12.2015 declaring total income of
₹24,00,090. The Assessing Officer completed the assessment under sections
143(3) / 144 of ...
Search Assessments Vitiated by Mechanical Approval under Section 153D and Estimation Without Incriminating Material: ITAT Allahabad in Subhash Stone Product (P.) Ltd. vs ACIT, Central Circle (AYs 2005-06 to 2011-12)
Facts of the CaseA search and seizure operation under
section 132(1) of the Income-tax Act, 1961 was conducted on 03.02.2011 in the
Ramji Vaish Group, which included M/s Subhash Stone Product (P.) Ltd.,
Sonebhadra. Pu...
Mechanical Approval under Section 153D and Additions Based on Dumb Documents Set Aside: ITAT Allahabad in Jai Maa Sharda Service Station vs ACIT, Central Circle (Search Assessments AYs 2010-11 & 2011-12)
Facts of the CaseA search and seizure operation under
section 132(1) of the Income-tax Act, 1961 was conducted on 03.02.2011 in the
Ramji Vaish Group, which included M/s Jai Maa Sharda Service Station,
Sonebhadra. Pur...
Mechanical Approval under Section 153D and Additions Based on Dumb Documents Invalid: ITAT Allahabad Decides Group Search Cases in ACIT vs Vijay Stone Product, Sonebhadra (AYs 2005-06 to 2011-12)
Facts of the CaseA search and seizure operation under
section 132(1) of the Income-tax Act, 1961 was conducted on 03.02.2011 in the
Ramji Vaish Group, which included Vijay Stone Product, M/s Subhash Stone
Product (P) ...
Cash Deposits Treated as Unexplained under Section 69A Upheld: ITAT Allahabad Dismisses Appeal in Sangam Eanta Udyog vs NFAC, Delhi (AY 2015-16)
Facts of the CaseThe assessee, a partnership firm
engaged in brick kiln business, did not file its return of income for
Assessment Year 2015-16. Reassessment proceedings were initiated under section
147 of the Income-...
Addition under Section 50C/43CA Without Valuation Cell Reference Set Aside: ITAT Allahabad Restores Assessment and Penalty in H.K. Infraventure Pvt. Ltd. vs ACIT, Central Circle (AY 2015-16)
Facts of the CaseThe assessee company sold two flats
during Assessment Year 2015-16 at values lower than the circle rate. The
Assessing Officer completed the assessment under section 143(3) of the
Income-tax Act, 1961...
Addition under Section 50C Without Valuation Reference Not Sustainable: ITAT Allahabad Restores Matter in H. K. Infraventure Pvt. Ltd. vs ACIT / CIT(A), NFAC (AY 2015-16)
Facts of the CaseThe assessee company sold two flats
during Assessment Year 2015-16 at prices lower than the circle rate. The
Assessing Officer completed the assessment under section 143(3) and made an
addition of ₹...