SOMIREDDY SUDHAKAR REDDY,IBRAHIMPATNAM vs. ITO., WARD-9(1), HYDERABAD
In the result, appeal of the Assessee is allowed
ITA 1505/HYD/2025[2017-18]Status: DisposedITAT Hyderabad24 Dec 2025AY 2017-18
Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.1505/Hyd/2025 Assessment Year 2017-2018 Somireddy Sudhakar The Income Tax Officer, Reddy, Ibrahimpatnam Vs. Ward-9(1), Pin -501 506. R R Dist. Hyderabad. Pan Bghps3108R (Appellant) (Respondent) िनधा"रती "ारा /Assessee By: Sri Mohd. Afzal, Advocate राज" व "ारा /Revenue By: Sri Abhinav Pittal, Sr. Ar
For Appellant: Sri Mohd. Afzal, AdvocateFor Respondent: Sri Abhinav Pittal, Sr. AR
Section 269SSection 269TSection 271DSection 274
house bearing Municipal No.17-1-
336/1/29, Plot No.29, situated at S.N. Reddy Nagar, Saidabad,
Hyderabad for a total sole consideration of Rs.43,50,000/- vide
Sale deed No 4535/2016, dated 12.09.2016. During this transaction, the vendor accepted Rs.43,50,000/- in cash in contravention to the provision of Section 269SS of the Income-tax
Act, 1961 which attracts penalty u/s.271D.
Section
