SURESH KUMAR REDDY KRISHNAPURAM,KURNOOL vs. ACIT., CENTRAL CIRCLE - 2(3), HYDERABAD

ITA 538/HYD/2025Status: DisposedITAT Hyderabad20 August 2025AY 2021-22Bench: SHRI VIJAY PAL RAO (Vice President), SHRI MANJUNATHA G (Accountant Member)1 pages
AI SummaryAllowed

What did the Tribunal hold?

The Tribunal held that the Assessing Officer's estimation of profit on suppressed turnover was not justified. The CIT(A)'s deletion of additions made by the AO was upheld in some cases, while in others, the AO was directed to accept the additional income quantified by the assessee.

What were the facts?

A search and seizure operation was conducted on the assessee and its group concerns, leading to the identification of suppressed sales turnover. The assessee group voluntarily admitted additional income based on seized material and statements recorded.

What were the issues?

The primary issues revolved around the validity of estimations of profit on suppressed turnover and the reliance on seized material and admissions made during search operations.

Which sections of the Income-tax Act were involved?

Section 132,Section 133A,Section 148

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Cases cited in this judgment(8)Show list

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IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD “B” BENCH: HYDERABAD BEFORE SHRI VIJAY PAL RAO, VICE PRESIDENT AND SHRI MANJUNATHA G, ACCOUNTANT MEMBER

Sl. Appealed No. I.T.A.No. Name of Name of against the Appellant Respondent A.Y. Order of the CIT(A)-12, Hyderabad Dated Skanda Infra 26.12.2024 514/Hyd./2025 1. 2019-20 The ACIT, Projects India 26.12.2024 2020-21 2. 515/Hyd./2025 Private Central Circle- 06.01.2025 Limited, 516/Hyd./2025 2021-22 3. 2(3), KURNOOL. PIN – 518 002 26.12.2024 2022-23 HYDERABAD. 4. 517/Hyd./2025 Andhra PIN – 500 004 Pradesh PAN AAOCS8382G Skandhanshi The ACIT, 26.12.2024 2019-20 5. 518/Hyd./2025 Infra Projects Central Circle- India Private 2(3), Appeal 2020-21 Limited, HYDERABAD. 6. 519/Hyd./2025 No.CIT(A), KURNOOL. PIN – 500 004 Hyderabad- PIN – 518 002 12/10611/2 Andhra 019-20 Pradesh dated NIL PAN AAWCS0746E Dated 7. 2021-22 520/Hyd./2025 26.12.2024 8. 521/Hyd./2025 2022-23 26.12.2024 Skandhanshi 26.12.2024 9. 308/Hyd./2025 2019-20 The ACIT, Infra Projects Appeal India Private 2020-21 Central 10. 309/Hyd./2025 No.CIT(A), Limited, Hyderabad- Circle-2(3), KURNOOL. 12/10611/2 PIN – 518 002 HYDERABAD. 019-20 Andhra dated NIL PIN – 500 004 Pradesh Dated PAN

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