INCOME TAX OFFICER, WARD-15(1), HYDERABAD vs SATPRAKASH VAJRAM, SECUNDERABAD

Income Tax Appellate Tribunal, HYDERABAD ‘ B ‘ BENCH, HYDERABAD.

For Appellant: Shri Lakka Bhushanam (D.R)

Income Tax Officer, Ward 15(1), Hyderabad. ….Appellant. Vs. Shri Satprakash Vajram, Secunderabad. PAN ABZPV 3149F …..Respondent. Appellant By : Shri Lakka Bhushanam (D.R) Respondent By : Smt. Keerthana for V. Siva Kumar. Date of Hearing : 5.7.2021. Date of Pronouncement : 12.07.2021. O R D E R Per S.S.Godara, J.M. : This Revenue’s appeal arises from the Commissioner of Income Tax (Appeals)-7, Hyderabad’s orders dt.15.02.2017 passed in case No.209/CIT(A)- 7/2016-17 in proceedings under Section 143(3) of Income Tax Act, 1961 (‘the Act’). Heard both the parties. Case file perused.

It transpires at the outset that Revenue’s sole substantive grounds raised in the instant appeal, inter alia, seeking to revive unexplained income addition of Rs.1,39,64,452 and restricted to Rs.5 lakhs only in the CIT(A)’s order, involves tax effect of less than Rs.50 lakhs

INCOME TAX OFFICER, WARD-15(1), HYDERABAD vs. SATPRAKASH VAJRAM, SECUNDERABAD