MADHUSUDAN REDDY PASHAM,HYDERABAD vs. ACIT, CIRCLE-9(1),, HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri Manjunatha G & Shri Ravish Sood

credits u/sec.68 of the IT Act 8. Aggrieved by the assessment orders dated 24.12.2018, the assessee preferred appeals before the learned CIT(A). Before the learned CIT(A), during the course of appellate proceedings, the appellant has filed written submissions consisting of copies of revised computation of income, trading and Profit & Loss account and cash flow statement. The learned

GUPTA ASHOK KUMAR,HYDERABAD vs. INCOME TAX OFFICER, WARD-1(2), HYDERABAD

In the result, appeal of the assessee allowed

Bench: Shri Manjunatha G & Shri Ravish Sood

unexplained cash credit under section 68 of the Act. 13. Coming back to the case law relied upon by the Counsel for Assessee. Learned Counsel for the Assessee has relied upon decision of ITAT, Jaipur Bench in the ITO vs., Kedia Builders and Colonizers Pvt. Ltd., (supra). The Coordinate Bench of ITAT, Jaipur Bench of the Tribunal under identical

SATTY AND ASSOCIATES ,HYDERABAD vs. ASSISTANT COMMISSIONER OF INCOME TAX ,CENTRAL CIRCLE-1(2) , HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं /Ita No.162 & 163/Hyd/2022 (निर्धारण वर्ा/Assessment Year: 2015-16 & 2018-19) Satty & Associates Vs. Assistant Commissioner Hyderabad Of Income Tax [Pan : Aawfs8350D] Central Circle-1(2) Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita No.236/Hyd/2022 (निर्धारण वर्ा/Assessment Year: 2016-17) Assistant Commissioner Of Satty & Associates Hyderabad Income Tax [Pan : Aawfs8350D] Central Circle-1(2) Hyderabad (Appellant) (Respondent) Cross Objection No.13/Hyd/2022 (Arising Out Of Ita No.236/Hyd/2022) Assistant Commissioner Of Satty & Associates Hyderabad Income Tax [Pan : Aawfs8350D] Central Circle-1(2) Hyderabad (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri S Rama Rao, Ar (Appeared Through Virtual Mode)& Ms.S.Sandhya, Ar रधजस् व द्वधरध/Revenue By: Shri Srinath Sadanala, Dr सुिवधई की तधरीख/Date Of Hearing: 03/12/2024 घोर्णध की तधरीख/Date Of 12/12/2024 Pronouncement:

cash were held as unexplained and not taken a different stand in the A.Y.2016-17. 5. The appellant craves leave to amend or alter any ground or add any other grounds which may be necessary. CO No.13/Hyd/2022, A.Y.2016-17 11. The assessee has raised the following grounds of cross objection : 1. The learned Commissioner of Income-tax (Appeals) erred in holding that

ACIT CENTRAL CIRCLE-1(2), HYDERABAD vs. SATTY AND ASSOCIATES,, HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं /Ita No.162 & 163/Hyd/2022 (निर्धारण वर्ा/Assessment Year: 2015-16 & 2018-19) Satty & Associates Vs. Assistant Commissioner Hyderabad Of Income Tax [Pan : Aawfs8350D] Central Circle-1(2) Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita No.236/Hyd/2022 (निर्धारण वर्ा/Assessment Year: 2016-17) Assistant Commissioner Of Satty & Associates Hyderabad Income Tax [Pan : Aawfs8350D] Central Circle-1(2) Hyderabad (Appellant) (Respondent) Cross Objection No.13/Hyd/2022 (Arising Out Of Ita No.236/Hyd/2022) Assistant Commissioner Of Satty & Associates Hyderabad Income Tax [Pan : Aawfs8350D] Central Circle-1(2) Hyderabad (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri S Rama Rao, Ar (Appeared Through Virtual Mode)& Ms.S.Sandhya, Ar रधजस् व द्वधरध/Revenue By: Shri Srinath Sadanala, Dr सुिवधई की तधरीख/Date Of Hearing: 03/12/2024 घोर्णध की तधरीख/Date Of 12/12/2024 Pronouncement:

cash were held as unexplained and not taken a different stand in the A.Y.2016-17. 5. The appellant craves leave to amend or alter any ground or add any other grounds which may be necessary. CO No.13/Hyd/2022, A.Y.2016-17 11. The assessee has raised the following grounds of cross objection : 1. The learned Commissioner of Income-tax (Appeals) erred in holding that

SATTY AND ASSOCIATES,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(2), HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं /Ita No.162 & 163/Hyd/2022 (निर्धारण वर्ा/Assessment Year: 2015-16 & 2018-19) Satty & Associates Vs. Assistant Commissioner Hyderabad Of Income Tax [Pan : Aawfs8350D] Central Circle-1(2) Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita No.236/Hyd/2022 (निर्धारण वर्ा/Assessment Year: 2016-17) Assistant Commissioner Of Satty & Associates Hyderabad Income Tax [Pan : Aawfs8350D] Central Circle-1(2) Hyderabad (Appellant) (Respondent) Cross Objection No.13/Hyd/2022 (Arising Out Of Ita No.236/Hyd/2022) Assistant Commissioner Of Satty & Associates Hyderabad Income Tax [Pan : Aawfs8350D] Central Circle-1(2) Hyderabad (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri S Rama Rao, Ar (Appeared Through Virtual Mode)& Ms.S.Sandhya, Ar रधजस् व द्वधरध/Revenue By: Shri Srinath Sadanala, Dr सुिवधई की तधरीख/Date Of Hearing: 03/12/2024 घोर्णध की तधरीख/Date Of 12/12/2024 Pronouncement:

cash were held as unexplained and not taken a different stand in the A.Y.2016-17. 5. The appellant craves leave to amend or alter any ground or add any other grounds which may be necessary. CO No.13/Hyd/2022, A.Y.2016-17 11. The assessee has raised the following grounds of cross objection : 1. The learned Commissioner of Income-tax (Appeals) erred in holding that

ASSISTANT COMMISSIONER OF INCOME TAX ,CENTRAL CIRCLE-3(4), HYDERABAD vs. ZARA INVESTMENTS PRIVATE LIMITED , HYDERABAD

In the result appeal filed by the Revenue is dismissed

Bench: Shri Manjunatha G. & Shri K.Narsimha Charyआ.अपी.सं /Ita No.64/Hyd/2021 & 65/Hyd/2021 (निर्धारण वर्ा/Assessment Year: 2011-12 & 2016-17) Asst.Commissioner Of Vs. M/S Zara Investments Income Tax Pvt.Ltd. Central Circle-3(4) Secunderabad Hyderabad [Pan : Aaacz4043R] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri P.Murali Mohan Rao,Ar रधजस् व द्वधरध/Revenue By: Shri Srinath Sadanala, Dr सुिवधई की तधरीख/Date Of Hearing: 26/11/2024 घोर्णध की तधरीख/Date Of 18/02/2025 Pronouncement: आदेश / Order Per. Manjunatha G., A.M: These Appeals Filed By The Revenue Are Directed Against Order Dated 04.09.2020 Of The Commissioner Of Income Tax (Appeals) [“Ld.Cit(A)”]-11, Hyderabad Pertaining To A.Y.2011-12 & 2016-17. Since, Facts Are Identical & Issues Are Common, For The Sake Of Convenience, The Appeals Filed By The Revenue Are Being Heard Together & Are Being Disposed Off, By This Common Order. Zara Investments Pvt. Ltd.

unexplained cash credit. 18. Being aggrieved by the assessment order, the assessee preferred an appeal before the CIT(A). Before the Ld.CIT(A), the assessee challenged the assessment order passed by the Assessing Officer u/s 153A of the Act, in light of satisfaction note u/s 153A by the Assessing Officer of the searched person and submitted that the Assessing Officer

(LATE) AUDINARAYANA REDDY ALTHURI REP.BY L/R MAHESH REDDY ALTHURI,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(1), HYDERABAD

In the result, appeal of the Assessee is allowed

unexplained cash credit is based on investigation report\nreceived from Directorate of Investigation, Kolkata and\nconfession statement recorded from A Mahesh Reddy under\nsection 132(4) of the Act during the course of search in the\ncase of AMR India Limited. Except this, the Assessing\nOfficer has not referred to any material found as a result of\nsearch

ACE CONSTRUCTIONS,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-3(4), HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ROYAL ENGINEERING,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-3(4), HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE3-(4), HYDERABAD vs. ACE CONSTRUCTIONS, HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ROYAL ENGINEERING,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-3(4), HYDERABAD, HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE3-(4), HYDERABAD vs. ACE CONSTRUCTIONS, HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ROYAL ENGINEERING,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-3(4), HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE3-(4), HYDERABAD vs. ROYAL ENGINEERING, HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE3-(4), HYDERABAD vs. ROYAL ENGINEERING, HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE3-(4), HYDERABAD vs. ACE CONSTRUCTIONS , HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ACE CONSTRUCTIONS ,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-3(4), HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred

ACE CONSTRUCTIONS,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-3(4), HYDERABAD

In the result, appeal of Revenue in ITA No

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarsl. आ.अपी.सं / निर्धारणारण वर्ष अपीलार्थी / प्रत्‍यर्थी / No.

unexplained income of the assessee.” 10.1. Ld. DR filed the copy of Proforma for Recording Satisfaction of Assessing Officer and also Satisfaction Note for Notice u/s 153C at Pages 3 to 5 of the paper book, which are to the following effect : FOR RECORDING SATISFACTION OF ASSESSING OFFICER (To be filled by the Assessing Officer of the person referred