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2 results for “bogus purchases”+ Section 253(3)clear

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Key Topics

Section 1474Section 1483Section 682Reopening of Assessment2Addition to Income2

SRUJITHA ANNAPAREDDY,SECUNDERABAD vs. INCOME TAX OFFICER, WARD-12(1), HYDERABAD

In the result, appeal filed by the assessee is allowed

ITA 253/HYD/2024[2016-17]Status: DisposedITAT Hyderabad22 May 2024AY 2016-17

Bench: Shri Manjunatha, G.आ.अपी.सं /Ita No.253/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2016-17) Smt. Surjitha Annapareddy Vs. Income Tax Officer Secunderabad Ward 12(1) Pan:Bnwpa6703L Hydrabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri A.V. Raghuram, Advocate राज" व "ारा/Revenue By:: Shri Y Srikanth Reddy, Dr सुनवाई की तारीख/Date Of Hearing: 22/05/2024 घोषणा की तारीख/Pronouncement: 22/05/2024

For Appellant: Shri A.V. Raghuram, AdvocateFor Respondent: : Shri Y Srikanth Reddy, DR
Section 10(38)Section 143(1)Section 147Section 148Section 68

3 of 10 ITA No 253 of 2024 Surjitha Annapareddy NFAC, after considering the relevant submission of the assessee and also taken note of various evidences brought on record, including the investigation carried out by the Investigation Wing, Kolkata opined that, the Assessing Officer has reopened the assessment on the basis of fresh tangible material vis-à-vis escapement

DCIT., CIRCLE-2(1), HYDRABAD vs. KALPTARU INVESTMENTS PRIVATE LIMITED, HYDERABAD

ITA 1077/HYD/2025[2013-14]Status: DisposedITAT Hyderabad11 Mar 2026AY 2013-14

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं / Ita No.1077/Hyd/2025

For Appellant: Sri P Murali Mohan Rao, CAFor Respondent: Dr. Sachin Kumar, Sr. AR
Section 147Section 148

253 Taxman 141 [Rajasthan-HC]; iii. Judgment of Hon'ble Gujarat High Court in the case of Ankit Financial Services Ltd. vs. DCIT, Circle-1(1)(2) [2017] 78 taxmann.com 58 [Gujarat-HC]; iv. Judgment of Hon'ble Supreme Court in the case of Securities and Exchange Board of India vs. Rakhi Trading Private Ltd., in Civil Appeal No.1969