ITO (INTERNATIONAL TAXATION)-1, HYDERABAD vs. MIKKILINENI NARENDRA KUMAR, SERILINGAMPALLY
In the result, the appeal of the Revenue is dismissed
ITA 882/HYD/2024[2016-17]Status: DisposedITAT Hyderabad19 Dec 2024AY 2016-17
Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaassessment Year: 2016-17 The Income Tax Officer, Vs. Mikkilineni Narendra Kumar, Serilingampally, International Taxation – 1 Hyderabad. Hyderabad. Pan : Nenpk4757J. (Appellant) (Respondent) Assessee By: Shri H. Srinivasulu, Advocate Revenue By: Ms. M. Narmada, Cit-Dr Date Of Hearing: 12.12.2024 19.12.2024 Date Of Pronouncement:
For Appellant: Shri H. Srinivasulu, AdvocateFor Respondent: Ms. M. Narmada, CIT-DR
Section 2(47)Section 2(47)(v)Section 53A
reassessment proceedings u/s 147 were initiated for the A.Y.
2016-17 and a notice was issued on 30.03.2021. In response to this notice, assessee has not filed any return but submitted the information stating that he has not entered/executed any sale deed during the relevant A.Y. 2016-17 has only entered into a modified development Agreement cum general power
