PAPI REDDY ANKANNAGARI,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3(3), HYDERABAD
In the result, the appeal of the assessee in ITA
ITA 1314/HYD/2024[2020-21]Status: DisposedITAT Hyderabad26 Sept 2025AY 2020-21
Bench: Shri Ravish Sood & Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos.1313 & 1314/Hyd/2024 (निर्धारण वर्ा/Assessment Year:2020-21) Shri Papi Reddy Ankannagari, Dy. Commissioner Of Income Vs. Hyderabad. Tax, Pan: Adopa4689A Central Circle 3(3), Hyderabad. (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri S. Rama Rao, Advocate रधजस् व द्वधरध/Revenue By: Shri Gurpreet Singh, Sr-Dr सुिवधई की तधरीख/Date Of Hearing: 04/09/2025 घोर्णध की तधरीख/Pronouncement: 26/09/2025 आदेश/Order Per Madhusudan Sawdia, A.M.: These Appeals Are Filed By Shri Papi Reddy Ankannagari (“The Assessee”), Feeling Aggrieved By The Separate Orders Passed By The Learned Commissioner Of Income Tax (Appeals), Hyderabad-11 (“Ld. Cit(A)”), Both Dated 29.11.2024 Respectively For The A.Y. 2020-21. Since These Appeals Are Related To The Same Assessee & For The Same A.Y. 2020-21, They Are Heard Together & One Consolidated Order Is Being Passed For The Sake Of Convenience & Brevity.
For Appellant: Shri S. Rama Rao, AdvocateFor Respondent: Shri Gurpreet Singh, SR-DR
Section 132ASection 139Section 144Section 147Section 148Section 68
capital gains. Further, in the absence of any
details, the Ld. AO brought to tax Rs.15,44,215/- under section 68 of
the Act being the highest peak balance against total credits of
Rs.18,89,319/- in the assessee’s Union Bank of India account.
Accordingly, the Ld. AO completed the assessment under sections
147 r.w.s
