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70 results for “depreciation”+ Unexplained Investmentclear

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Key Topics

Section 143(3)62Addition to Income62Section 37(1)40Search & Seizure32Section 6830Section 13230Section 234A30Section 153A26Depreciation22

RAJENDER REDDY GUNNA ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6, HYDERABAD

In the result, appeal ITA

ITA 1849/HYD/2019[2008-09]Status: DisposedITAT Hyderabad13 Aug 2025AY 2008-09

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

For Appellant: CA, P. Murali Mohan RaoFor Respondent: Shri Gurpreet Singh, Sr. AR
Section 132Section 143(3)Section 153A

unexplained cash credit of Rs.42,41,280/- towards additions made on account of undisclosed income from land transactions on the basis of ‘Lokpriya’ notebook found during the course of survey. Accordingly, ground no.6 of the assessee is allowed. 56. The next issue that came-up for consideration from ground no.7 of assessee’s appeal is, addition towards donation from undisclosed

DCIT, CIRCLE-3(1), HYDERABAD, HYDERABAD vs. RA CHEM PHARMA LIMITED, HYDERABAD, HYDERABAD

Showing 1–20 of 70 · Page 1 of 4

Disallowance20
Section 4019
Section 143(2)18

In the result, assessee’s appeal in ITA No

ITA 49/HYD/2017[2012-13]Status: DisposedITAT Hyderabad08 Jun 2018AY 2012-13

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2012-13

For Appellant: Shri S. Rama RaoFor Respondent: Shri R. Mohan Reddy
Section 143(3)

unexplained credit. 5 I.T.A. Nos. 65, 48 & 49/Hyd/2017 RA Chem Pharma Ltd., Hyd. 7.1 The CIT(A) confirmed the addition rejecting the submission of the assessee that the difference in sundry creditors is due to non-adjusting of post dated cheques in respective creditors balances on the ground that no such details were submitted either during assessment or during appeal

DCIT, CIRCLE-3(1), HYDERABAD, HYDERABAD vs. RA CHEM PHARMA LIMITED, HYDERABAD, HYDERABAD

In the result, assessee’s appeal in ITA No

ITA 48/HYD/2017[2010-11]Status: DisposedITAT Hyderabad08 Jun 2018AY 2010-11

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2012-13

For Appellant: Shri S. Rama RaoFor Respondent: Shri R. Mohan Reddy
Section 143(3)

unexplained credit. 5 I.T.A. Nos. 65, 48 & 49/Hyd/2017 RA Chem Pharma Ltd., Hyd. 7.1 The CIT(A) confirmed the addition rejecting the submission of the assessee that the difference in sundry creditors is due to non-adjusting of post dated cheques in respective creditors balances on the ground that no such details were submitted either during assessment or during appeal

RA CHEM PHARMA LIMITED, HYDERABAD,HYDERABAD vs. ITO, WARD-3(2), HYDERABAD, HYDERABAD

In the result, assessee’s appeal in ITA No

ITA 65/HYD/2017[2012-13]Status: DisposedITAT Hyderabad08 Jun 2018AY 2012-13

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2012-13

For Appellant: Shri S. Rama RaoFor Respondent: Shri R. Mohan Reddy
Section 143(3)

unexplained credit. 5 I.T.A. Nos. 65, 48 & 49/Hyd/2017 RA Chem Pharma Ltd., Hyd. 7.1 The CIT(A) confirmed the addition rejecting the submission of the assessee that the difference in sundry creditors is due to non-adjusting of post dated cheques in respective creditors balances on the ground that no such details were submitted either during assessment or during appeal

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 617/HYD/2014[2004-05]Status: DisposedITAT Hyderabad24 Feb 2020AY 2004-05

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 622/HYD/2014[2009-10]Status: DisposedITAT Hyderabad24 Feb 2020AY 2009-10

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

DCIT,CENTRAL CIRCLE - 7, HYDERABAD vs. M/S MIDWEST GRANITE PRIVATE LIMITED., HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 957/HYD/2014[2004-05]Status: DisposedITAT Hyderabad24 Feb 2020AY 2004-05

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 620/HYD/2014[2007-08]Status: DisposedITAT Hyderabad24 Feb 2020AY 2007-08

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 616/HYD/2014[2003-04]Status: DisposedITAT Hyderabad24 Feb 2020AY 2003-04

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 618/HYD/2014[2005-06]Status: DisposedITAT Hyderabad24 Feb 2020AY 2005-06

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 621/HYD/2014[2008-09]Status: DisposedITAT Hyderabad24 Feb 2020AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

M/S MIDWEST GRANITES PRIVATE LIMITED,HYDERABAD vs. ACIT,CENTRAL CIRCLE - 7, HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 619/HYD/2014[2006-07]Status: DisposedITAT Hyderabad24 Feb 2020AY 2006-07

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

DCIT,CENTRAL CIRCLE - 7, HYDERABAD vs. M/S MIDWEST GRANITE PRIVATE LIMITED., HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 958/HYD/2014[2005-06]Status: DisposedITAT Hyderabad24 Feb 2020AY 2005-06

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

DCIT,CENTRAL CIRCLE - 7, HYDERABAD vs. M/S MIDWEST GRANITE PRIVATE LIMITED., HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 962/HYD/2014[2008-09]Status: DisposedITAT Hyderabad21 Feb 2020AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

DCIT,CENTRAL CIRCLE - 7, HYDERABAD vs. M/S MIDWEST GRANITE PRIVATE LIMITED., HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 959/HYD/2014[2006-07]Status: DisposedITAT Hyderabad21 Feb 2020AY 2006-07

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

DCIT,CENTRAL CIRCLE - 7, HYDERABAD vs. M/S MIDWEST GRANITE PRIVATE LIMITED., HYDERABAD

In the result, all the assessee’s appeals are partly allowed for statistical purposes and the Revenue’s appeals are dismissed

ITA 961/HYD/2014[2008-09]Status: DisposedITAT Hyderabad21 Feb 2020AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri Murali Mohan RaoFor Respondent: Smt. Nivedita Biswas, DR
Section 132Section 143(3)Section 153ASection 234ASection 250(6)Section 37(1)

depreciation. It is ordered accordingly. 19. Ground No.(iii): Sustaining 50% of the addition amounting to Rs. 37,29,714/- (50% of Rs. 74,59,428) made towards inflated expenditure on Granite processing and dressing charges U/s. 37(1) of the Act. 20. During the course of assessment proceedings subsequent to search it was observed by the Ld. AO that

KANISHKA GUPTA,,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

ITA 119/HYD/2022[2018-19]Status: DisposedITAT Hyderabad11 Jan 2023AY 2018-19

Bench: Shri R.K. Panda & Shri Laliet Kumar

For Appellant: Shri Narahari BiswalFor Respondent: Shri K.P.R.R. Murthy
Section 115BSection 132Section 143(3)Section 153ASection 234ASection 68Section 69B

unexplained credit taxed in the hands of the firm, in their respective hands. The appellants and the firm are different entitites and therefore needs to be taxed separately in their own hands especially when the nature is different and it is important to note that when the incriminating documents of Rs.70,00,000/ - pertaining to both the appellants were found

RONAK GUPTA,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

ITA 120/HYD/2022[2018-19]Status: DisposedITAT Hyderabad11 Jan 2023AY 2018-19

Bench: Shri R.K. Panda & Shri Laliet Kumar

For Appellant: Shri Narahari BiswalFor Respondent: Shri K.P.R.R. Murthy
Section 115BSection 132Section 143(3)Section 153ASection 234ASection 68Section 69B

unexplained credit taxed in the hands of the firm, in their respective hands. The appellants and the firm are different entitites and therefore needs to be taxed separately in their own hands especially when the nature is different and it is important to note that when the incriminating documents of Rs.70,00,000/ - pertaining to both the appellants were found

SUPREME AGRO,HYDERABAD vs. ACIT CENTRAL CIRCLE-3 (1), HYDERABAD

In the result, all the appeals of assessees are dismissed

ITA 121/HYD/2022[2018-19]Status: DisposedITAT Hyderabad11 Jan 2023AY 2018-19

Bench: Shri R.K. Panda & Shri Laliet Kumar

For Appellant: Shri Narahari BiswalFor Respondent: Shri K.P.R.R. Murthy
Section 115BSection 132Section 143(3)Section 153ASection 234ASection 68Section 69B

unexplained credit taxed in the hands of the firm, in their respective hands. The appellants and the firm are different entitites and therefore needs to be taxed separately in their own hands especially when the nature is different and it is important to note that when the incriminating documents of Rs.70,00,000/ - pertaining to both the appellants were found

SHAFIUDDIN AHMED QUADRI ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-7(1), HYDERABAD

In the result, appeal of the assessee is allowed in above terms

ITA 422/HYD/2019[2009-10]Status: DisposedITAT Hyderabad17 Mar 2022AY 2009-10

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2009-10 Shafiuddin Ahmed Quadri, Vs. Asst. Commissioner Of Hyderabad. Income-Tax, Circle – 7(1), Pan – Aabpq 1650M Hyderabad. (Appellant) (Respondent) Assessee By: Shri P. Murali Mohan Rao Revenue By: Shri T. Sunil Goutam Date Of Hearing: 15/03/2022 Date Of Pronouncement: 17/03/2022

For Appellant: Shri P. Murali Mohan RaoFor Respondent: Shri T. Sunil Goutam
Section 133ASection 143(2)Section 143(3)Section 144Section 147Section 148Section 69Section 80l

unexplained investment u/s 69 of the Act. He contended that the AO reopened the assessment without any tangible material on hand and without satisfying himself as to the escapement of income and, thus, the basic requirement of satisfaction of the AO for reopening the assessment is missed in this case. He further submitted that the case of the assessee