VENKATESH GANGAKHEDKAR ,HYDERABAD vs. ACIT., CIRCLE-9(1), HYDERABAD

In the result, the appeals of the assessee for all the four assessment years are allowed

Bench: Shri Manjunatha G & Shri Ravish Sood

house property reducing standard deduction at Rs.12,51,600/- ] 4. Aggrieved by the assessment order, the assessee preferred an appeal before the learned CIT(A). Before the learned CIT(A), the assessee has challenged the initiation of proceedings under section 153C

VENKATESH GANGAKHEDKAR,HYDERABAD vs. ACIT., CIRCLE-9(1), HYDERABAD

In the result, the appeals of the assessee for all the four assessment years are allowed

Bench: Shri Manjunatha G & Shri Ravish Sood

house property reducing standard deduction at Rs.12,51,600/- ] 4. Aggrieved by the assessment order, the assessee preferred an appeal before the learned CIT(A). Before the learned CIT(A), the assessee has challenged the initiation of proceedings under section 153C

SUDHIR KUMAR.D.SHAH - HUF,HYDERABAD vs. DY. CIT, CENTRAL CIRCLE-2,, HYDERABAD

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

property at Chilkoor Village, which was confirmed and admitted by Shri Apoorva Shah, nephew of the assessee in the statement recorded from him u/s.132A of the Act on 09-10-2007. Therefore held that the proceedings u/s.153C of the Act were rightly initiated and dismissed the contentions raised by the assessee. Similarly, on merits the Ld.CIT(A) dismissed the appeals

SUDHIR KUMAR.D.SHAH - HUF,HYDERABAD vs. DY. CIT, CENTRAL CIRCLE-2,, HYDERABAD

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

property at Chilkoor Village, which was confirmed and admitted by Shri Apoorva Shah, nephew of the assessee in the statement recorded from him u/s.132A of the Act on 09-10-2007. Therefore held that the proceedings u/s.153C of the Act were rightly initiated and dismissed the contentions raised by the assessee. Similarly, on merits the Ld.CIT(A) dismissed the appeals

SUDHIR KUMAR.D.SHAH - HUF,HYDERABAD vs. DY. CIT, CENTRAL CIRCLE-2,, HYDERABAD

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

property at Chilkoor Village, which was confirmed and admitted by Shri Apoorva Shah, nephew of the assessee in the statement recorded from him u/s.132A of the Act on 09-10-2007. Therefore held that the proceedings u/s.153C of the Act were rightly initiated and dismissed the contentions raised by the assessee. Similarly, on merits the Ld.CIT(A) dismissed the appeals

SUDHIR KUMAR.D.SHAH - HUF,HYDERABAD vs. DY. CIT, CENTRAL CIRCLE-2,, HYDERABAD

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

property at Chilkoor Village, which was confirmed and admitted by Shri Apoorva Shah, nephew of the assessee in the statement recorded from him u/s.132A of the Act on 09-10-2007. Therefore held that the proceedings u/s.153C of the Act were rightly initiated and dismissed the contentions raised by the assessee. Similarly, on merits the Ld.CIT(A) dismissed the appeals

SUDHIR KUMAR.D.SHAH - HUF,HYDERABAD vs. DY. CIT, CENTRAL CIRCLE-2,, HYDERABAD

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

property at Chilkoor Village, which was confirmed and admitted by Shri Apoorva Shah, nephew of the assessee in the statement recorded from him u/s.132A of the Act on 09-10-2007. Therefore held that the proceedings u/s.153C of the Act were rightly initiated and dismissed the contentions raised by the assessee. Similarly, on merits the Ld.CIT(A) dismissed the appeals

SUDHIR KUMAR.D.SHAH - HUF,HYDERABAD vs. DY. CIT, CENTRAL CIRCLE-2,, HYDERABAD

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

property at Chilkoor Village, which was confirmed and admitted by Shri Apoorva Shah, nephew of the assessee in the statement recorded from him u/s.132A of the Act on 09-10-2007. Therefore held that the proceedings u/s.153C of the Act were rightly initiated and dismissed the contentions raised by the assessee. Similarly, on merits the Ld.CIT(A) dismissed the appeals

SUDHIR KUMAR.D.SHAH - HUF,HYDERABAD vs. DY. CIT, CENTRAL CIRCLE-2,, HYDERABAD

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

property at Chilkoor Village, which was confirmed and admitted by Shri Apoorva Shah, nephew of the assessee in the statement recorded from him u/s.132A of the Act on 09-10-2007. Therefore held that the proceedings u/s.153C of the Act were rightly initiated and dismissed the contentions raised by the assessee. Similarly, on merits the Ld.CIT(A) dismissed the appeals

SIVA PRASAD REDDY BUCHEPALLI,CHIMAKURTHY vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

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

153C is not valid and consequent Assessment is bad in law. 3. On the facts and circumstance of the case, the Learned CIT(A) is not justified in confirming the addition made of Rs. 42,38,128/- under Section 69 of the I.T.Act. 4. On the facts and circumstances of the case, the Learned CIT(A) would have appreciated that

SIVA PRASAD REDDY BUCHEPALLI,CHIMAKURTHY vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

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

153C is not valid and consequent Assessment is bad in law. 3. On the facts and circumstance of the case, the Learned CIT(A) is not justified in confirming the addition made of Rs. 42,38,128/- under Section 69 of the I.T.Act. 4. On the facts and circumstances of the case, the Learned CIT(A) would have appreciated that

NAGA LAKSHMI BUCHEPALLI,CHIMAKURTHY vs. ACIT, CENTRAL CIRCLE-1(2), HYDERABAD

In the result, the appeal of assessee in ITA

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

153C is not valid and consequent Assessment is bad in law. 3. On the facts and circumstance of the case, the Learned CIT(A) is not justified in confirming the addition made of Rs. 42,38,128/- under Section 69 of the I.T.Act. 4. On the facts and circumstances of the case, the Learned CIT(A) would have appreciated that

NAGA LAKSHMI BUCHEPALLI,CHIMAKURTHY vs. ACIT, CENTRAL CIRCLE-1(2), HYDERABAD

In the result, the appeal of assessee in ITA

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

153C is not valid and consequent Assessment is bad in law. 3. On the facts and circumstance of the case, the Learned CIT(A) is not justified in confirming the addition made of Rs. 42,38,128/- under Section 69 of the I.T.Act. 4. On the facts and circumstances of the case, the Learned CIT(A) would have appreciated that

RAMESH CHANDRA MAJITHIA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

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

153C is not valid and consequent Assessment is bad in law. 3. On the facts and circumstance of the case, the Learned CIT(A) is not justified in confirming the addition made of Rs. 42,38,128/- under Section 69 of the I.T.Act. 4. On the facts and circumstances of the case, the Learned CIT(A) would have appreciated that

EXEL RUBBER PRIVATE LIMITED,K.V.RANGAREDDY vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

Bench: Shri Vijay Pal Rao, Vice- & Shri Manjunatha, G.

property, interest received on loans advanced, repayment of such loans advanced by M/s Exel Group and its Management in their individual capacity. I would like to further state that amounts mentioned in the table above for different financial years include amounts realized from the debtors to whom either the Group concerns or the individual directors have advanced loans earlier which

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-1(2), HYDERABAD

Bench: Shri Vijay Pal Rao, Vice- & Shri Manjunatha, G.

property, interest received on loans advanced, repayment of such loans advanced by M/s Exel Group and its Management in their individual capacity. I would like to further state that amounts mentioned in the table above for different financial years include amounts realized from the debtors to whom either the Group concerns or the individual directors have advanced loans earlier which

TRICITIES SECURITY AND ALLIED SERVICES PRIVATE LIMITED,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

Section 153C of the Act. The reasons recorded in the satisfaction note cannot be improved upon or supplemented or substituted subsequently by learned CIT(A) by making reference to the seized annexures and agreements which are not part of the satisfaction note. Hence the findings of the Learned CIT(A) are against law and facts. The proposition that addition cannot

GARUDAPALLY SHRUTHI GUPTA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

Section 153C of the Act. The reasons recorded in the satisfaction note cannot be improved upon or supplemented or substituted subsequently by learned CIT(A) by making reference to the seized annexures and agreements which are not part of the satisfaction note. Hence the findings of the Learned CIT(A) are against law and facts. The proposition that addition cannot