ZULFI RAVDJEE,HYDERABAD vs. ACIT, CIRCLE-14(1), HYDERABAD
In the result, appeal filed by the assessee is allowed for statistical purposes
ITA 270/HYD/2022[2017-18]Status: DisposedITAT Hyderabad26 Sept 2022AY 2017-18
Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2017-18 Sri Zulfi Ravdjee Vs. A.C.I.T. Hyderabad Circle 14(1) Pan:Aeapa2227H Hyderabad (Appellant) (Respondent) Assessee By: Shri P. Murali Mohan Rao,Ca Revenue By: Shri Kumar Aditya, Dr Date Of Hearing: 22/09/2022 Date Of Pronouncement: 26/09/2022 Order Per R.K. Panda, A.M This Appeal Filed By The Assessee Is Directed Against The Order Dated 17.6.2022 Of The Learned Cit (A)-Nfac, Relating To A.Y.2017-18. 2. Facts Of The Case, In Brief, Are That The Assessee Is Engaged In The Business Of Construction Under The Name & Style Of Az Developer. It Has Undertaken Two Contract Works, One At Moinabad & The Second One At Kompally & Also Maintaining The Building “Alcazar Plaza & Towers”. He Filed His Return Of Income On 31.10.2017 Declaring Total Income Of Rs.33,76,600/-. The Case Was Selected For Scrutiny & Statutory Notices U/S 143(2)/142(1) Were Served On The Assessee In Response To Which
For Appellant: Shri P. Murali Mohan Rao,CAFor Respondent: Shri Kumar Aditya, DR
Section 143(2)Section 40a
277
TOTAL
Rs.8,55,60,883
3. Despite sufficient opportunities granted by the Assessing Officer, the assessee failed to discharge the onus cast on him by proving the genuineness of various expenses debited.
The Assessing Officer, therefore, relying on the decision of the Hon'ble A.P. High Court in the case of Transport Corporation of India
