SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD
What did the Tribunal hold?
The Tribunal found that the Assessing Officer (AO) erred in relying solely on seized loose sheets and electronic data without sufficient corroboration. The Tribunal also noted that the AO did not provide adequate opportunity to the assessee to challenge the profit rates adopted.
What were the facts?
During a search and seizure operation, the Income Tax Department seized various materials including loose sheets and electronic data from Skandhanshi Group. The department alleged suppressed sales turnover and sought to estimate income based on this seized material and recorded statements.
What were the issues?
The primary issues were the evidentiary value of seized loose sheets and electronic data, and whether the AO correctly estimated suppressed turnover and income without proper corroboration and adherence to natural justice principles.
Which sections of the Income-tax Act were involved?
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Cases cited in this judgment(3)Show listHide list
Detected automatically from the text. Citations are also linked where they appear in the judgment. The count shows how many other judgments on BharatTax rely on the same authority.
- Pullangode Rubber Produce Co. Ltd. v. State of Kerala666 citing91 ITR 18 · 1973 · SC
- Indwell Constructions v. CIT188 citing232 ITR 776 · 1998 · HC
- CIT v. Naresh Kumar Agarwal137 citing53 Taxmann.com 306 · 2015 · HC
IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD “B” BENCH: HYDERABAD BEFORE SHRI VIJAY PAL RAO, VICE PRESIDENT AND SHRI MANJUNATHA G, ACCOUNTANT MEMBER
| Sl. No. | I.T.A.No. | Name of Appellant | |---|---|---| | 1. | 514/Hyd./2025 | Skanda Infra Projects India Private Limited, KURNOOL. PIN – 518 002 Andhra Pradesh PAN AAOCS8382G | The ACIT, Central Circle 2(3), HYDERABAD. PIN – 500 004 | 2019-20 | 26.12.2024 | | 2. | 515/Hyd./2025 | | | 2020-21 | 26.12.2024 | | 3. | 516/Hyd./2025 | | | 2021-22 | 06.01.2025 | | 4. | 517/Hyd./2025 | | | 2022-23 | 26.12.2024 | | 5. | 518/Hyd./2025 | Skandhanshi Infra Projects India Private Limited, KURNOOL. PIN – 518 002 Andhra Pradesh PAN AAWCS0746E | The ACIT, Central Circle 2(3), HYDERABAD. PIN – 500 004 | 2019-20 | 26.12.2024 | | 6. | 519/Hyd./2025 | | | 2020-21 | Appeal No.CIT(A), Hyderabad 12/10611/2 019-20 dated NIL | | 7. | 520/Hyd./2025 | | | 2021-22 | Dated 26.12.2024 | | 8. | 521/Hyd./2025 | | | 2022-23 | 26.12.2024 | | 9. | 308/Hyd./2025 | The ACIT, Central Circle-2(3), HYDERABAD. PIN – 500 004 | Skandhanshi Infra Projects India Private Limited, KURNOOL. PIN – 518 002 Andhra Pradesh PAN AAWCS0746E | 2019-20 | 26.12.2024 | | 10. | 309/Hyd./
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