VENU GOPAL KARWA,KARIMNAGAR vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-1(2), HYDERABAD
In the result, appeal filed by the assessee is allowed for statistical purposes
ITA 174/HYD/2019[2015-16]Status: DisposedITAT Hyderabad31 Jul 2023AY 2015-16
Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarassessment Year: 2015-16 Shri Venu Gopal Karwa Vs. Dy. C. I. T. Karimnagar Central Circle 1(2) Pan:Aavpk2698B Hyderabad (Appellant) (Respondent) Assessee By: Shri V Guna Sekhar Reddy, Ca Revenue By: Shri Jeevan Lal Lavidiya, Cit (Dr) Date Of Hearing: 25/07/2023 Date Of Pronouncement: 31/07/2023 Order Per R.K. Panda, Vice-This Appeal Filed By The Assessee Is Directed Against The Order Dated 30.10.2018 Of The Learned Cit (A)-11, Hyderabad, Relating To A.Y.2015-16. 2. Facts Of The Case, In Brief, Are That The Assessee Is An Individual & Derives Income From Salary, Hose Property & Other Sources. He Filed His Return Of Income On 6.3.2016 Belatedly Declaring Taxable Income At Rs.47,71,060/-. The Return Was Selected For Complete Scrutiny Under Cass. Accordingly Statutory Notices U/S 143(2) & 142(1) Were Issued & Served On The Assessee To Which The Ar Of The Assessee Appeared From Time To Time & Furnished The Requisite Details. One Of The Cass Reasons Page 1 Of 14
For Appellant: Shri V Guna Sekhar Reddy, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT (DR)
Section 10(38)Section 143(2)
section 68 of the I.T. Act.
Similarly, the Assessing Officer made addition of Rs.45,084/- being unexplained expenditure u/s 69C for arranging accommodation entry. The Assessing Officer in the assessment order also rejected the claim of the gift and made addition of Rs.14,03,490/- as income from other sources and made addition of Rs.1
