ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE3-(1), HYDERABAD vs. VAISHNAVI BULLION PRIVATE LIMITED, HYDERABAD

In the result, we uphold the addition of Rs

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

transfer of property in the goods, and a price. ‘Price’ was further defined under section 2(10) of the Sale of Goods Act to mean 'money consideration for a sale of-goods'. Thus, in a contract of sale, payment of price in money is an essential part. The word 'money' has not been defined under the said

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE3-(1), HYDERABAD vs. M/S. MUSADDILAL GEMS AND JEWELS PRIVATE LIMITED, HYDERABAD

In the result, we uphold the addition of Rs

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

transfer of property in the goods, and a price. ‘Price’ was further defined under section 2(10) of the Sale of Goods Act to mean 'money consideration for a sale of-goods'. Thus, in a contract of sale, payment of price in money is an essential part. The word 'money' has not been defined under the said

CREAMLINE DAIRY PRODUCTS LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, appeal ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

price in legal tender, and accordingly any other claim to the contrary is not acceptable. In view of the above, the sum of Rs.8,44,00,000/- represents unexplained cash and added to the total income of the assessee company.” 17. On being aggrieved by the assessment order passed by the Assessing Officer, the assessee preferred an appeal before

DCIT., CIRCLE-1(1), HYDERABAD vs. CREAMLINE DAIRY PRODUCTS LIMITED, HYDERABAD

In the result, appeal ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

price in legal tender, and accordingly any other claim to the contrary is not acceptable. In view of the above, the sum of Rs.8,44,00,000/- represents unexplained cash and added to the total income of the assessee company.” 17. On being aggrieved by the assessment order passed by the Assessing Officer, the assessee preferred an appeal before

CREAMLINE DAIRY PRODUCTS LIMITED,HYDERABAD vs. ACIT., CIRCLE-1(2), HYDERABAD

In the result, appeal ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

price in legal tender, and accordingly any other claim to the contrary is not acceptable. In view of the above, the sum of Rs.8,44,00,000/- represents unexplained cash and added to the total income of the assessee company.” 17. On being aggrieved by the assessment order passed by the Assessing Officer, the assessee preferred an appeal before

JAGADISHWAR BARMA,HYDERABAD vs. ITO, WARD-11(2), HYDERABAD

Bench: Us:

price of Rs. 9,10,000/- per acre were placed on record. The Ld. AR submitted that a copy of the registered sale deed No. 2610/2016, dated 07.11.2016, wherein it was stated that the assessee, along with his son, had transferred the title of the subject agricultural land admeasuring 17 – 20 Guntas was also filed with

DAKAPPAGARI NAVEEN KUMAR,MEDAK vs. ITO., WARD - 1, SANGAREDDY

In the result, appeal of the Assessee is partly\nallowed

price of the sales made during the year. Apart\nfrom the estimation of the income from the business of liquor\nretail sale, the Assessing Officer also made an addition\nu/sec.69A of the Act on account of cash deposits during the\ndemonetization period to the tune of Rs.72,45,860/-. The\nassessee challenged the action of the Assessing Officer before\nthe