LALITHA PADMAJA THALLAPALLI,KURNOOL vs. ITO., WARD-1, KURNOOL

In the result, the appeal filed by the assessee is allowed

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

206C(1D) of the Act, and has not disputed the evidences submitted by the assessee in support of the transactions, in our considered view, the additions made by the A.O. cannot be upheld. Thus, we direct the A.O. to delete the addition of Rs. 6,92,285/- under Section 68 of the Income-tax Act, 1961. 16. The next

LAMPEX ELECTRONICS LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD

In the result, appeal of the assessee is treated as partly allowed for statistical purposes