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Penalties under Sections 271D & 271E for Cash Loans Set Aside for Fresh Adjudication: ITAT Allahabad Restores Appeals in Santosh Kumar vs ITO, Banda (AY 2017-18)
Facts of the CaseDuring
assessment proceedings for Assessment Year 2017-18, the assessee submitted that
he had received loans aggregating to ₹8,00,000, comprising ₹4,00,000 from Ms.
Shikha Jaiswal and ₹4,00,000 ...
Ex-Parte Reassessment for Cash Deposits under Sections 147/144 Set Aside: ITAT Allahabad Grants Fresh Opportunity in Sandeep Kumar Pandey vs ITO-1(3), Prayagraj (AY 2019-20)
Facts of the CaseThe
assessee did not file a return of income for Assessment Year 2019-20. The
Income Tax Department was in possession of information that the assessee had
made cash deposits of ₹12,27,477 in a bank ...
Ex-Parte Best Judgment Assessment under Section 144 Set Aside: ITAT Allahabad Grants Fresh Opportunity in Ramendra Singh vs ITO, Ward 4(2)(3), Kannauj (AY 2017-18)
Facts of the CaseThe
assessee did not file a return of income for Assessment Year 2017-18. The
Income Tax Department received information that substantial cash deposits and
credit entries were made in the assessee’s...
Ex-Parte Assessment for Cash Deposits Set Aside: ITAT Allahabad Grants Fresh Opportunity in Ram Kumar Maurya vs ITO, Ward-1(5), Bhadohi (AY 2012-13)
The
assessee did not file a return of income for Assessment Year 2012-13. Based on
information available with the Income Tax Department that the assessee had
deposited cash amounting to ₹12,84,330 in his savings ban...
Cash Deposits and Capital Gains to Be Re-Examined: ITAT Allahabad Grants One Final Opportunity in Mohd Ubaid Ansari vs ITO (Faceless) (AY 2015-16)
Facts of the CaseThe
assessee did not file a return of income for Assessment Year 2015-16. The
Income Tax Department received information that the assessee had made cash and
cheque/RTGS deposits aggregating to ₹34,7...
Addition under Section 69 Set Aside for Lack of Proper Opportunity: ITAT Allahabad Restores Appeal in Mohammad Ghufran vs ITO-2(5), Kaushambi (AY 2017-18)
Facts of the CaseThe
assessee did not file a return of income for Assessment Year 2017-18. The
Income Tax Department received information that the assessee had purchased an
immovable property for a consideration of â‚...
Inordinate Delay of 824 Days Not Condoned: ITAT Allahabad Dismisses Appeal in Meenu vs Income Tax Officer (CPC/NFAC, Delhi) (AY 2017-18)
Facts of the CaseThe
assessee filed her return of income for Assessment Year 2017-18 declaring a
total income of ₹8,30,470. The Centralized Processing Centre (CPC), Bangalore
issued an intimation under section 143(1...
No Addition under Section 153A without Incriminating Material: ITAT Allahabad Deletes Additions in Kailash Jaiswal vs ACIT (Central Circle), Allahabad (AYs 2007-08 to 2012-13)
Facts of the CaseA
search and seizure operation under section 132 of the Income-tax Act, 1961 was
conducted on 29.05.2012. Pursuant thereto, assessments for Assessment Years
2007-08, 2009-10 to 2012-13 were completed ...
Cash Deposits during Demonetisation and Ex-Parte Assessment under Section 144: ITAT Allahabad Grants Fresh Opportunity in Hushn Jahan vs Income Tax Officer, Amethi (AY 2017-18)
Facts of the CaseThe
assessee did not file her return of income for Assessment Year 2017-18. The
Income Tax Department issued a notice under section 142(1) of the Income-tax
Act, 1961, requiring the assessee to file a...
Ex-Parte Assessment under Sections 144 and 143(3): ITAT Allahabad Grants One Final Opportunity in Anil Kumar Singh vs ITO, Sultanpur (AY 2016-17)
Facts of the CaseThe
assessee filed his return of income for Assessment Year 2016-17 declaring a
total income of ₹1,94,200. The case was selected for scrutiny under CASS.
During the course of assessment proceedings,...