ITO., WARD -6(1), HYDERABAD vs. SIDHI JEWELLERS, HYDERABAD
In the result, the appeal filed by the assessee and the appeal filed by the Revenue are dismissed
ITA 755/HYD/2024[2017-18]Status: DisposedITAT Hyderabad25 Feb 2025AY 2017-18
Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleआ.अपी.सं / Ita No.729 & 755/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) The Income Tax Officer, Vs. Sidhi Jewellers, Ward 6(1), Hyderabad. Hyderabad.. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्यर्थी / Respondent आ.अपी.सं / Ita Nos.750 & 751/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) Sidhi Jewellers, Vs. The Income Tax Officer, Hyderabad. Ward 6(1), Hyderabad. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धाररती द्वधरध/Assessee By: Shri S. Ramarao, Advocate. रधजस्व द्वधरध/Revenue By: Shri B. Bala Krishna, Cit-Dr.
For Appellant: Shri S. Ramarao, AdvocateFor Respondent: Shri B. Bala Krishna, CIT-DR
Section 148Section 148A
credit for cash in hand available with the assessee, and therefore, allowed relief to the extent of Rs. 2.12 crores out of total addition made by the AO towards cash deposit of Rs.5,90,35,000/- and sustained balance cash deposits of Rs.3,78,35,000/- as unexplained money under Section 69A of the Act. The relevant findings
