DCIT, CENTRAL CIRLCE-2(2), HYD, HYDERABAD vs. SABBINENI SURENDRA, HYDERABAD

In the result, both the Revenue’s appeal and the assessee’s cross objections are dismissed

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2012-13 Dy. Commissioner Of Vs. Sabbineni Surendra, Income Tax, No. 512/R, Road No.29, Central Circle-2(2), Jubilee Hills, Hyderabad. Hyderabad. Pan: Adqps 3461 E (Appellant) (Respondent)

condoning the delay and entertaining the appeal. Therefore, the additional grounds of appeal raised by the Revenue are dismissed. 12. Coming to the original grounds of appeal raised by the Revenue against the order of the CIT(A) deleting the addition of unexplained 12 investment in jewellery, the Learned Departmental Representative submitted that during the course of search