PRAKASH LAL POTLURI,HYDERABAD vs. INCOME TAX OFFICER, (INT TAXN)-2,HYD, HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2015-16 Prakash Lal Potluri, Vs. The Income Tax Officer, Hyderabad. (International Taxation)-2, Hyderabad. Pan : Gnkpp1085B. (Appellant) (Respondent) Assessee By: None Revenue By: Sri M. Vijay Kumar – Cit-Dr Date Of Hearing: 29.02.2024 Date Of Pronouncement: 29.02.2024

271F. Despite the assessee's explanations, the Assessing Officer did not accept, as the assessee failed to prove that he had not received the sale consideration from said Anil Kumar and added the income from the sale of land to the return of income, totaling Rs.1,20,00,000/-. 3 Accordingly, the Assessing Officer passed draft assessment order and served

DCIT (EXEMPTIONS), CIRCLE 1(1), HYDERABAD vs. NATIONAL INSTITUTE OF RURAL DEVELOPMENT AND PANCHAYATI RAJ, HYDERABAD

In the result, both the appeal filed by the Revenue and cross- objection filed by the assessee are dismissed

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

condone the delay in filing Form 10B as per Instruction No.F.No.267/482/77-IT(part) dated 09.02.1978. 7. Any other ground that may be urged at the time of hearing.” 4 ITA Nos.1210 and 1211/Hyd/2025 & C.O. Nos.27 and 28/Hyd/2025 National Institute of Rural Development & Pranchayati Raj 3. The brief facts of the case are that, the assessee, National Institute of Rural Development

AKBAR VIRANI,HYDERABAD vs. ITO., WARD-4(1), HYDERABAD

In the result, the appeal of the assessee is treated as allowed for statistical purposes

Bench: Shri Laliet Kumar, Hon’Ble & Shri Madhusudan Sawdia, Hon’Bleassessment Year: 2017-18 Akbar Virani, Vs. The Income Tax Oficer, Ward – 4(1), Hyderabad. Hyderabad. Pan : Aegpv9662P. (Appellant) (Respondent) Assessee By: Shri Vemulapati Sridhar, C.A. Revenue By: Shri Shakeer Ahamed, Sr.Ar Date Of Hearing: 11.07.2024 Date Of Pronouncement: 22.07.2024

condonation petition filed by the appellant and ought to have given due consideration to the reasons furnished for the delay in the interest of natural justice to the appellant. 3. The appellant submits that the learned first appellate authority ought to have held that order under section 147 passed in the case of the appellant

(LATE) MUDUNURI VENKATA SUBBA RAJU REP. BY L/R MUDUNURI VENKATA SURYANARAYANA RAJU,VISAKHAPATNAM vs. ITO, WARD-11(5), HYDERABAD

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Laliet Kumarassessment Year: 2017-18 Mudunuri Venkata Vs. The Income Tax Officer, Ward – 11(5), Hyderabad. Suryanarayana Raju, L/R Of Mudunuri Venkata Subba Raju, Visakhapatnam. Pan : Bmipm6736Q. (Appellant) (Respondent) Assessee By: Ms. S. Sandhya, Advocate. Revenue By: Sri Naveen Kumar. Date Of Hearing: 06.03.2023 Date Of Pronouncement: 15.03.2023

section 144 of the Income Tax Act, 1961 (in short, “the Act”). 2 2. The grounds raised by the assessee reads as under : “1. The order of the learned CIT(A) is contrary to the facts and also the law applicable to the facts of the case. 2. The learned CIT(A) is not justified in overlooking the written submissions

THE CUMBUM CO-OPERATIVE TOWN BANK LIMITED ,PRAKASAM vs. DY. COMMISSIONER OF INCOME TAX, (I&CI), HYDERABAD

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2013-14 Cumbum Co-Operative Town Vs. The Deputy Commissioner Bank Limited, Of Income Tax (Intelligence Cumbum & Criminal Investigation), Prakasam District. Hyderabad. Pan : Aabat3057A. (Appellant) (Respondent) Assessee By: Shri S. Ramarao, Advocate. Revenue By: Shri K.P.R.R. Murthy, Sr.Dr. Date Of Hearing: 04.08.2022 Date Of Pronouncement: 10.08.2022

condoned the delay of submissions of Annual Information Return as it was the first time to seek such information by the Income Tax Department and the Appellant made a sincere attempt and submitted information through "ito.hq.intel.h" 4. The learned Commissioner of Income Tax (Appeals) should have considered the difficulties generally being faced by the mufcil banks in compliance