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
ITA 2048/HYD/2018[2014-15]Status: DisposedITAT Hyderabad09 Jan 2024AY 2014-15
Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary
For Appellant: Shri S. Rama Rao, ARFor Respondent: Ms. TH. Vijaya Lakshmi, CIT-DR
Section 132Section 133ASection 153A
Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income.
(Addition: Rs.62,20,540/-)
11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year