BAL REDDY KANDUNURI,ADILABAD vs. ACIT, CENTRAL CIRCLE-2(4), HYDERABAD
In the result, appeal of the assessee is allowed
ITA 1203/HYD/2024[2020-21]Status: DisposedITAT Hyderabad28 Jan 2025AY 2020-21
Bench: Shri G. Manjunatha & Shri K. Narasimha Chary
For Appellant: Shri A.V. Raghuram, ARFor Respondent: Dr. Sachin Kumar, Sr. AR
Section 115BSection 131Section 132ASection 153ASection 69A
40b(v). In this regard, our reference was drawn to the decision of Co- ordinate
Bench in case of Shri Ramnarayan Birla (in ITA No. 482/JP/15 dted 30.09.2016). In that case, the question before the Coordinate Bench was "whether the CIT(A)-2,
Udaipur has erred in directing the AO to assess the unexplained investment surrendered by the assessee under
