SRI UMA MAHESHWARA RAO CHINNI,GUNTUR vs. ASST COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-1, KOZHIKODE

In the result, the instant appeals by the assesses are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Dasuma Maheshwara Rao Chinni Asst. Cit, Central Circle -1, Hno. 7-298, 7 Ward Aayakar Bhavan (North Block) Gandhi Bomma Centre Vs. Kozhikode 673001 Dachepalle, Guntur 522414 [Pan:Arjpc0342D] (Appellant) (Respondent)

147 read with ITA No. 895, 899/Coch/2022 (AY : 2017-18) Uma Maheshwara Rao Chinni & Anr. v. Asst. CIT section 143(3) of Income Tax Act, 1961 (the Act) dated 27.12.2018 for Assessment Year (AY) 2017-18. The facts and circumstances of the two cases being the same, raising common issues for adjudication, the appeals per taken up together for hearing

SRI SRAVAN KUMAR NEELA,NALGONDA vs. ACIT CENTRAL CIRCLE 1, KOZHIKODE

In the result, the instant appeals by the assesses are dismissed

Bench: Shri Sanjay Arora & Shri Manomohan Dasuma Maheshwara Rao Chinni Asst. Cit, Central Circle -1, Hno. 7-298, 7 Ward Aayakar Bhavan (North Block) Gandhi Bomma Centre Vs. Kozhikode 673001 Dachepalle, Guntur 522414 [Pan:Arjpc0342D] (Appellant) (Respondent)

147 read with ITA No. 895, 899/Coch/2022 (AY : 2017-18) Uma Maheshwara Rao Chinni & Anr. v. Asst. CIT section 143(3) of Income Tax Act, 1961 (the Act) dated 27.12.2018 for Assessment Year (AY) 2017-18. The facts and circumstances of the two cases being the same, raising common issues for adjudication, the appeals per taken up together for hearing

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

FEDERAL BANK LTD,KOCHI vs. ACIT CORP. CIRCLE-1(1 ) , KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment J year beginning on or before the 1st day of April, 2001." The Hon’ble Court observed that sub-sections (2) and (3) were introduced to the main section

M/S. VIJAYALAXMICASHEW CO.,,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower

M/S. VIJAYALAXMICASHEW CO.,,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower

SMT. T.C. USHA,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower

M/S. VIJAYALAXMICASHEW CO.,,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower

SRI.R.PRAKASH,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower

SMT. T.C. USHA,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower

SRI.R. PRATAP,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower

SRI.R.PRAKASH,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower

SRI.K.RAVINDRANATHAN NAIR,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower

SRI.R. PRATAP,KOLLAM vs. THE ACIT, KOLLAM

In the result, the appeals of the assessees in ITA Nos

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

131 14,34,751 Company TOTAL 48,8037,490 14,34,751 3.6 For the assessment year 2011-12, in the case of R. Prakash, as per details filed by the assessee, the Assessing Officer noticed that the assessee had sold various I.T.A. Nos.37 to 49/Coch/2016 grades of cashew kernels to concerns owned by near relatives at values much lower