INDIRA PASUPULETI,PALAKOLLU vs. INCOME TAX OFFICER, INTERNATIONAL TAXATION, KAKINADA
In the result, the appeal filed by the assessee is allowed for statistical purposes as indicated hereinabove
ITA 8/VIZ/2024[2016-17]Status: DisposedITAT Visakhapatnam19 Apr 2024AY 2016-17
Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./ I.T.A. No.08/Viz/2024 (निर्धारण वर्ा / Assessment Year : 2016-17) Indira Pasupuleti, Vs. Income Tax Officer, Palakollu. International Taxation, Pan: Gfjpp 5413 L Kakinada. (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधर्थी की ओर से/ Appellant By : Sri C. Subrahmanyam, Ar प्रत्यधर्थी की ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar
For Appellant: Sri C. Subrahmanyam, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 142(1)Section 144C(1)Section 144C(3)Section 144C(5)Section 147Section 148Section 56(2)(vii)
section 56(2)(vii)(b) of the Act, the assessee has purchased the property below the market value and hence the difference of Rs. 15,50,000/- (Rs. 30,50,000
– Rs. 15,00,000/-) was proposed to be treated as ‘income from other sources’. The Ld. AO also observed that the assessee has not filed her return of income
