DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED , HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED , HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

undisclosed income of Rs.9,73,00,780/- for the assessment years 2014-15 to 2016-17 in the statement recorded under section 132(4) of the Act. According to the learned CIT(A), while the learned Assessing Officer treated the difference as the suppressed income of the assessee, however, it is the plea of the assessee that only profit element

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

undisclosed income from commissi on because, the\nassessee could not explain the said transacti on with\nrelevant details to prove his claim that, said income has\nbeen already offered to tax. The learned CIT(A) after\nconsidering relevant facts, has rightly sustained the\nadditi on made by the Assessing Officer. Thus, we are\ninclined to uphold the order the learned

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

undisclosed income from land transactions.\n40.\nThe next issue that came-up for consideration\nfrom ground nos.5 and 6 of assessee's appeal is addition\ntowards unexplained investment in house property

ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. KAVYA BOPPANA, HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

undisclosed jewellery found during the course of search and application of provisions of Section 115BBE of the Income Tax Act, 1961. 16.1. During the course of search at the residential premises of the assessee on 22.10.2019 certain loose sheets and bills were found and seized pertaining to purchase of jewellery worth of Rs.3,30,62,687/-. The assessee was asked

ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. JHANSI RANI BOPPANA, HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

undisclosed jewellery found during the course of search and application of provisions of Section 115BBE of the Income Tax Act, 1961. 16.1. During the course of search at the residential premises of the assessee on 22.10.2019 certain loose sheets and bills were found and seized pertaining to purchase of jewellery worth of Rs.3,30,62,687/-. The assessee was asked

ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. SARAT GOPAL BOPPANA, HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

undisclosed jewellery found during the course of search and application of provisions of Section 115BBE of the Income Tax Act, 1961. 16.1. During the course of search at the residential premises of the assessee on 22.10.2019 certain loose sheets and bills were found and seized pertaining to purchase of jewellery worth of Rs.3,30,62,687/-. The assessee was asked

KAVYA BOPPANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

undisclosed jewellery found during the course of search and application of provisions of Section 115BBE of the Income Tax Act, 1961. 16.1. During the course of search at the residential premises of the assessee on 22.10.2019 certain loose sheets and bills were found and seized pertaining to purchase of jewellery worth of Rs.3,30,62,687/-. The assessee was asked

SARAT GOPAL BOPPANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(3),, HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

undisclosed jewellery found during the course of search and application of provisions of Section 115BBE of the Income Tax Act, 1961. 16.1. During the course of search at the residential premises of the assessee on 22.10.2019 certain loose sheets and bills were found and seized pertaining to purchase of jewellery worth of Rs.3,30,62,687/-. The assessee was asked

ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. TARA CHAND BOPPANA, HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

undisclosed jewellery found during the course of search and application of provisions of Section 115BBE of the Income Tax Act, 1961. 16.1. During the course of search at the residential premises of the assessee on 22.10.2019 certain loose sheets and bills were found and seized pertaining to purchase of jewellery worth of Rs.3,30,62,687/-. The assessee was asked