ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 3(4), HYDERABAD vs. ORBIT VENTURES, HYDERABAD

In the result, the appeal of Revenue in ITA

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

cash deposits were made. (ii)A/c.0446102000010362 [IDBI, whose cheque book was found and seized during the search.] 2. As the assessee has not disclosed the bank accounts, nor the sources of deposits were explained by the assessee-firm, an amount of Rs.2,00,09,000 was 'added to the total income of the assessee u/s

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

In the result, the appeal of Revenue in ITA

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

cash deposits were made. (ii)A/c.0446102000010362 [IDBI, whose cheque book was found and seized during the search.] 2. As the assessee has not disclosed the bank accounts, nor the sources of deposits were explained by the assessee-firm, an amount of Rs.2,00,09,000 was 'added to the total income of the assessee u/s

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

In the result, the appeal of Revenue in ITA

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

cash deposits were made. (ii)A/c.0446102000010362 [IDBI, whose cheque book was found and seized during the search.] 2. As the assessee has not disclosed the bank accounts, nor the sources of deposits were explained by the assessee-firm, an amount of Rs.2,00,09,000 was 'added to the total income of the assessee u/s

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

In the result, the appeal of Revenue in ITA

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

cash deposits were made. (ii)A/c.0446102000010362 [IDBI, whose cheque book was found and seized during the search.] 2. As the assessee has not disclosed the bank accounts, nor the sources of deposits were explained by the assessee-firm, an amount of Rs.2,00,09,000 was 'added to the total income of the assessee u/s

VENKATESHWARA RAO POONURU,HYDERABAD vs. ADIT, INTERNATIONAL TAXATION-(2), HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri R.K. Panda & Shri Laliet Kumar

reassessed u/s 147. In the Assessee's case no assessment order was passed after initiating8 scrutiny assessment proceeding u/s.143(2) and the scrutiny proceedings were "Closed" without passing any order u/s. 143(3). There is no provision for the assessing officer to close the assessment proceedings without passing order u/s. 143(3) and hence the assessment is to be treated

ITO., WARD -6(1), HYDERABAD vs. SIDHI JEWELLERS, HYDERABAD

In the result, the appeal filed by the assessee and the appeal filed by the Revenue are dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleआ.अपी.सं / Ita No.729 & 755/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) The Income Tax Officer, Vs. Sidhi Jewellers, Ward 6(1), Hyderabad. Hyderabad.. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita Nos.750 & 751/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) Sidhi Jewellers, Vs. The Income Tax Officer, Hyderabad. Ward 6(1), Hyderabad. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती द्वधरध/Assessee By: Shri S. Ramarao, Advocate. रधजस्‍व द्वधरध/Revenue By: Shri B. Bala Krishna, Cit-Dr.

cash deposits in Andhra Bank A/c No.052611011010273 to be considered as unaccounted sales whereas the assessee failed to submit any conclusive corroborative evidence. 3. The grounds raised by the assessee in ITA No.750/Hyd/2024 read as under : “1) The order of the learned CIT (A) is erroneous to the extent it is prejudicial to the appellant herein; 2) The learned

SIDHI JEWELLERS,HYDERABAD vs. ITO., WARD-6(1), HYDERABAD

In the result, the appeal filed by the assessee and the appeal filed by the Revenue are dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleआ.अपी.सं / Ita No.729 & 755/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) The Income Tax Officer, Vs. Sidhi Jewellers, Ward 6(1), Hyderabad. Hyderabad.. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita Nos.750 & 751/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) Sidhi Jewellers, Vs. The Income Tax Officer, Hyderabad. Ward 6(1), Hyderabad. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती द्वधरध/Assessee By: Shri S. Ramarao, Advocate. रधजस्‍व द्वधरध/Revenue By: Shri B. Bala Krishna, Cit-Dr.

cash deposits in Andhra Bank A/c No.052611011010273 to be considered as unaccounted sales whereas the assessee failed to submit any conclusive corroborative evidence. 3. The grounds raised by the assessee in ITA No.750/Hyd/2024 read as under : “1) The order of the learned CIT (A) is erroneous to the extent it is prejudicial to the appellant herein; 2) The learned

ITO., WARD -6(1), HYDERABAD vs. SIDHI JEWELLERS, HYDERABAD

In the result, the appeal filed by the assessee and the appeal filed by the Revenue are dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleआ.अपी.सं / Ita No.729 & 755/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) The Income Tax Officer, Vs. Sidhi Jewellers, Ward 6(1), Hyderabad. Hyderabad.. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita Nos.750 & 751/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) Sidhi Jewellers, Vs. The Income Tax Officer, Hyderabad. Ward 6(1), Hyderabad. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती द्वधरध/Assessee By: Shri S. Ramarao, Advocate. रधजस्‍व द्वधरध/Revenue By: Shri B. Bala Krishna, Cit-Dr.

cash deposits in Andhra Bank A/c No.052611011010273 to be considered as unaccounted sales whereas the assessee failed to submit any conclusive corroborative evidence. 3. The grounds raised by the assessee in ITA No.750/Hyd/2024 read as under : “1) The order of the learned CIT (A) is erroneous to the extent it is prejudicial to the appellant herein; 2) The learned

SIDHI JEWELLERS,HYDERABAD vs. ITO., WARD-6(1), HYDERABAD

In the result, the appeal filed by the assessee and the appeal filed by the Revenue are dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleआ.अपी.सं / Ita No.729 & 755/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) The Income Tax Officer, Vs. Sidhi Jewellers, Ward 6(1), Hyderabad. Hyderabad.. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita Nos.750 & 751/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) Sidhi Jewellers, Vs. The Income Tax Officer, Hyderabad. Ward 6(1), Hyderabad. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती द्वधरध/Assessee By: Shri S. Ramarao, Advocate. रधजस्‍व द्वधरध/Revenue By: Shri B. Bala Krishna, Cit-Dr.

cash deposits in Andhra Bank A/c No.052611011010273 to be considered as unaccounted sales whereas the assessee failed to submit any conclusive corroborative evidence. 3. The grounds raised by the assessee in ITA No.750/Hyd/2024 read as under : “1) The order of the learned CIT (A) is erroneous to the extent it is prejudicial to the appellant herein; 2) The learned

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2(4), HYDERABAD vs. VASUDEVA REALTORS PRIVATE LIMITED, HYDERABAD

In the result, the appeal filed by the assessee and the appeal filed by the Revenue are dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleआ.अपी.सं / Ita No.729 & 755/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) The Income Tax Officer, Vs. Sidhi Jewellers, Ward 6(1), Hyderabad. Hyderabad.. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita Nos.750 & 751/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2015-16 & 2017-18) Sidhi Jewellers, Vs. The Income Tax Officer, Hyderabad. Ward 6(1), Hyderabad. Pan No.Aagfs4330P. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती द्वधरध/Assessee By: Shri S. Ramarao, Advocate. रधजस्‍व द्वधरध/Revenue By: Shri B. Bala Krishna, Cit-Dr.

cash deposits in Andhra Bank A/c No.052611011010273 to be considered as unaccounted sales whereas the assessee failed to submit any conclusive corroborative evidence. 3. The grounds raised by the assessee in ITA No.750/Hyd/2024 read as under : “1) The order of the learned CIT (A) is erroneous to the extent it is prejudicial to the appellant herein; 2) The learned

SRI EDUPAYALA VANA DURGA BHAVANI,HYDERABAD vs. INCOME TAX OFFICER, WARD-1, SANGAREDDY

Bench: Us:

u/s 147 of the IT Act estimating the income @ 8% on gross receipts of Rs. 2.48 crores. 4. The PCIT's erred in issuing show cause notice dated 13/12/2023 findings that the original assessment order was erroneous and prejudicial to the interests of the Revenue are arbitrary, perverse, and based on mere conjectures and surmises. 5. The directions issued

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.

cash deposit of 3,29,94,300/- in its bank account in AY 2010-11 And from the records it is seen that Assessee firm M/s Royal Engineering filed ROI for AY 2010-11 on 19.12.2017 by admitting income of Rs 2,30,000/- and same is not processed by ITD and Non-est. (emphasis supplied

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.

cash deposit of 3,29,94,300/- in its bank account in AY 2010-11 And from the records it is seen that Assessee firm M/s Royal Engineering filed ROI for AY 2010-11 on 19.12.2017 by admitting income of Rs 2,30,000/- and same is not processed by ITD and Non-est. (emphasis supplied

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.

cash deposit of 3,29,94,300/- in its bank account in AY 2010-11 And from the records it is seen that Assessee firm M/s Royal Engineering filed ROI for AY 2010-11 on 19.12.2017 by admitting income of Rs 2,30,000/- and same is not processed by ITD and Non-est. (emphasis supplied

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.

cash deposit of 3,29,94,300/- in its bank account in AY 2010-11 And from the records it is seen that Assessee firm M/s Royal Engineering filed ROI for AY 2010-11 on 19.12.2017 by admitting income of Rs 2,30,000/- and same is not processed by ITD and Non-est. (emphasis supplied

ASSISTANT COMMISSIONER OF INCOME TAX ,CENTRAL CIRCLE -3(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.

cash deposit of 3,29,94,300/- in its bank account in AY 2010-11 And from the records it is seen that Assessee firm M/s Royal Engineering filed ROI for AY 2010-11 on 19.12.2017 by admitting income of Rs 2,30,000/- and same is not processed by ITD and Non-est. (emphasis supplied

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.

cash deposit of 3,29,94,300/- in its bank account in AY 2010-11 And from the records it is seen that Assessee firm M/s Royal Engineering filed ROI for AY 2010-11 on 19.12.2017 by admitting income of Rs 2,30,000/- and same is not processed by ITD and Non-est. (emphasis supplied

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.

cash deposit of 3,29,94,300/- in its bank account in AY 2010-11 And from the records it is seen that Assessee firm M/s Royal Engineering filed ROI for AY 2010-11 on 19.12.2017 by admitting income of Rs 2,30,000/- and same is not processed by ITD and Non-est. (emphasis supplied