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ITAT Agra

Latest Posts in ITAT Agra

ITAT Agra quashes reassessment for failure to issue Section 143(2) notice

February 23, 2025 705 Views 0 comment Print

ITAT Agra quashes reassessment in Veerendra Singh Vs ITO due to failure to issue notice under Section 143(2). Key legal findings and case details explained.

Lack of proper inquiry on Unexplained Cash Deposits during Demonetization: ITAT restores matter

February 17, 2025 174 Views 0 comment Print

Assessee and his family have 261 bighas of agricultural land and did not filed his ITR for AY 2017-18. AO received information that there was cash deposits of Rs. 10,00,000/- in the bank accounts of the assessee during demonetization

Section 271B Penalty Unfair if imposed Before Quantum Assessment: ITAT Agra

February 12, 2025 537 Views 0 comment Print

ITAT Agra held that confirming penalty under section 271B of the Income Tax Act before finalization of quantum assessment is unjust and unfair. Accordingly, matter restored back to CIT(A) for fresh adjudication.

Section 271(1)(c) Penalty Unsustainable if underlying quantum additions are under reassessment

February 11, 2025 504 Views 0 comment Print

ITAT Agra restores penalty appeal in Devendra Kumar Dubey Vs ITO for reassessment by CIT(A). Case highlights concealment penalty of ₹34,803 under Section 271(1)(c).

Mere uploading of communication in e-portal not sufficient under Income Tax: ITAT Agra

February 8, 2025 162 Views 0 comment Print

ITAT Agra held that merely uploading of the communication in the Income Tax department e-portal is not sufficient mode of communication in view provisions of Section 282 of the 1961 Act and Rule 127 of the Income Tax Rules.

Penalty Appeal to Follow Fresh Adjudication of Quantum Additions: ITAT Agra

February 6, 2025 333 Views 0 comment Print

ITAT Agra remands ₹34,803 penalty case under Section 271(1)(c) to CIT(A) for fresh adjudication after setting aside quantum additions for reassessment.

Unexplained cash deposit matter restored hence corresponding penalty u/s. 271(1)(c) matter too restored

January 30, 2025 366 Views 0 comment Print

ITAT Agra held that matter of levying penalty u/s. 271(1)(c) of the Income Tax Act restored back to file of AO since Tribunal restored matter of addition towards unexplained cash deposit for quantification.

ITAT Directs AO to Verify TDS Payment Documents Submitted for First Time

January 27, 2025 225 Views 0 comment Print

ITAT Agra held that evidences with regard to deposit of income tax deducted at source (TDS) filed for the first time before ITAT hence appeal allowed with direction to AO to verify the documents.

Interest free advance given to farmers out of business expediency justified: ITAT Agra

January 25, 2025 276 Views 0 comment Print

ITAT Agra held that addition towards interest paid on CC is liable to be deleted since interest free advance given to potato growers (farmers) were out of the business expediency. Accordingly, addition deleted and appeal allowed.

ITAT remanded the matter as assessee failed to explain holding of two PAN

January 25, 2025 117 Views 0 comment Print

On appeal CIT (A) observed that assessee used different PAN in Form 35 instead of one used for reassessment. Assessee neither file return in response to notice u/s 148 not it complied with the statutory notices.

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