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

house property for\nRs.9,08,650/-\n41. During the course of search proceeding, it is\nnoticed that, Mr. Krishna Chandra, son of the assessee had\nmade an investment for purchase of residential Flat-404, 5th\nFloor, Subhalaxmi Apartments, Green Hills Colony,\nKothapet, Hyderabad in January 2005. The assessee was\nasked to clarify the source for such investment and in\nresponse

DCIT., CIRCLE-8(1), HYDERABAD vs. DBS TECHNOLOGY SERVICES INDIA PRIVATE LIMITED, HYDERABAD

In the result, the appeal of the Revenue is allowed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2019-20 Deputy Commissioner Of Vs. M/S. Dbs Technology Income Tax, Services India Private Circle – 8(1), Limited, Hyderabad. Hyderabad. Pan : Aafcd5584N (Appellant) (Respondent) C.O.No.2/Hyd/2023 Assessment Year 2019-20 Dbs Technology Services India Vs. Deputy Commissioner Of Private Limited, Income Tax, Circle – 8(1), Hyderabad. Hyderabad. Pan : Aafcd5584N (Cross Objector / (Appellant/Revenue) Respondent) Assessee By: Sri M. P. Lohia, C.A. Revenue By: Shri Jeevan Lal Lavidiya, Cit-Dr Date Of Hearing: 11.07.2023 Date Of Pronouncement: 21.07.2023 आदेश / O R D E R Per Laliet Kumar, Jm: The Appeal & Cross-Objection Filed By The Revenue For A.Y. 2019-20 Arise From The Order Of Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi

4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) [or sub-section (4E)] [or sub- section (4F)] of section 139 or clause (i) of sub-section (1) of section 142 1[or section 148] or section 153A [***] relating to the assessment year commencing [on the 1st day of April, 1a[2023]] shall,— [(a) in the case

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

In the result, appeal ITA

house property for\nRs.9,08,650/-\n41.\nDuring the course of search proceeding, it is\nnoticed that, Mr. Krishna Chandra, son of the assessee had\nmade an investment for purchase of residential Flat-404, 5th\nFloor, Subhalaxmi Apartments, Green Hills Colony,\nKothapet, Hyderabad in January 2005. The assessee was\nasked to clarify the source for such investment and in\nresponse

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

house property for\nRs.9,08,650/-.\n41.\nDuring the course of search proceeding, it is\nnoticed that, Mr. Krishna Chandra, son of the assessee had\nmade an investment for purchase of residential Flat-404, 5th\nFloor, Subhalaxmi Apartments, Green Hills Colony,\nKothapet, Hyderabad in January 2005. The assessee was\nasked to clarify the source for such investment and in\nresponse

ACIT., CENTRAL CIRCLE-1(1), HYDERABAD vs. GIRIDHARI CONSTRUCTIONS, HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

ACIT., CENTRAL CIRCLE-1(1), HYDERABAD vs. GIRIDHARI CONSTRUCTIONS, HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

ACIT., CENTRAL CIRCLE-1(1), HYDERABAD vs. GIRIDHARI CONSTRUCTIONS, HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

ACIT., CENTRAL CIRCLE-1(1), HYDERABAD vs. GIRIDHARI CONSTRUCTIONS, HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

section 132(4A) and 292C of the Act, document or material should be found in the possession of a person who is searched or his associate or an employee. If any document is found in the possession of a 3rd person during the course of search, then said document can be considered for assessment of that person or any other

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

Sections 132(4A) and\n292C of the Income Tax Act create a rebuttable presumption that documents\nfound during a search belong to the assessee and are true. Courts have\nconsistently held that selective reliance on seized material is unjustified\nunless the contents are independently proved against the\n\nITA.Nos.514 to 539/Hyd./2025,\nAnd ITA.Nos.308 to 311/Hyd./2025

MADHUSUDHAN JAJU,HYDERABAD vs. INCOME TAX OFFICER, WARD-1, SANGAREDDY

In the result, the C.O. of the Revenue is allowed for statistical\npurposes

4A) Every person in receipt of income derived from property held under trust or\nother legal obligation wholly for charitable or religious purposes or in part only for\nsuch purposes, or of income being voluntary contributions referred to in sub-clause\n(iia) of clause (24) of section 2, shall, if the total income in respect of which

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

house property, business and other sources. The assessee filed his original return of income u/s.139(1) of the Act on 29.11.2017 declaring total income of Rs.Nil. Subsequently, search and Seizure operation u/s. 132 of Income Tax Act was conducted in the case of M/s.KMR Estates and Builders Private Limited and also on the directors of the company

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

house property, business and other sources. The assessee filed his original return of income u/s.139(1) of the Act on 29.11.2017 declaring total income of Rs.Nil. Subsequently, search and Seizure operation u/s. 132 of Income Tax Act was conducted in the case of M/s.KMR Estates and Builders Private Limited and also on the directors of the company