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4 results for “TDS”+ Undisclosed Incomeclear

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Key Topics

Section 80H4TDS4Deduction3Addition to Income3Section 2602Section 682Section 158B2

PENDURTHI CHANDRASEKHAR vs. THE DEPUTY COMMISSIONER OF INCOME TAX,

The appeal is allowed and all the four substantial

ITTA/706/2016HC Telangana26 Apr 2018
For Appellant: Mr. K. Vasantha KumarFor Respondent: Mrs. M. Kiranmayee
Section 132Section 145Section 153Section 260Section 56Section 68

undisclosed income has been brought in the form of gifts in spite of the fact that there was no income earning activity to the assessee? 3) Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in law in ignoring the reference made by the Assessing Officer to the Foreign Tax Division

Commissioner of Income Tax, vs. M/s Polisetty Somasundaram,

ITTA/140/2013HC Telangana28 Jun 2013
Section 144Section 80

income from undisclosed sources. (5) Addition of Rs.60,000/- on account of interest charged on investment in shares. (6) The assessee has diverted its borrowed funds to non- interest bearing advances to the tune of Rs.1,58,86,441/-. As such interest of Rs.19,06,373/- worked out @12% on interest free advances was disallowed. (7) The assessee had debited

Commissioner of Income Tax vs. M/s. Southern Packaging

ITTA/336/2010HC Telangana22 Mar 2016

Bench: The Hon'Ble Mr. Justice Ravi Malimath

Section 142(1)Section 158BSection 260Section 288Section 4Section 80H

undisclosed income was determined at Rs.1,49,43,800/-. Aggrieved by the same, the assessee preferred an appeal. The appeal was partly 3 allowed. No relief was granted for the year 2000-2001. Aggrieved by the same, the Revenue as well the assessee preferred appeals before the Tribunal. The Tribunal allowed the appeals and granted relief to the assessee

M/S. SREE TRADING CORPORATION vs. INCOME TAX OFFICER, WARD 4(1), HYDERABAD

ITTA/205/2006HC Telangana01 Feb 2023

Bench: N.TUKARAMJI,UJJAL BHUYAN

For Appellant: Ms. I.Maamu VaniFor Respondent: Mr. J.V.Prasad
Section 143(3)Section 260A

undisclosed income of the assessee. Supreme Court noted that the only evidence before the Tribunal was a letter dated 18.02.1955 addressed HCJ & NTRJ I.T.T.A.No.205 of 2006 15 by the banker to the income tax officer. Supreme Court held that such a letter could not have been relied upon by the Tribunal as a material piece of evidence because this