THE INCOME TAX OFFICER, CIRCLE-1(1), VIJAYAWADA, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

penny stocks and cases of accommodation entries" 9. Any other ground that may be urged at the time of appeal hearing.” Vedumutha Electricals India Private Limited. 3. Succinctly stated, the assessee company which is a group entity of “Goldmedal group” is engaged in the business of trading in electrical goods had filed its return of income

ACIT, CIRCLE-1(1),, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

penny stocks and cases of accommodation entries" 9. Any other ground that may be urged at the time of appeal hearing.” Vedumutha Electricals India Private Limited. 3. Succinctly stated, the assessee company which is a group entity of “Goldmedal group” is engaged in the business of trading in electrical goods had filed its return of income

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

penny stocks and cases of accommodation entries" 9. Any other ground that may be urged at the time of appeal hearing.” Vedumutha Electricals India Private Limited. 3. Succinctly stated, the assessee company which is a group entity of “Goldmedal group” is engaged in the business of trading in electrical goods had filed its return of income

SANTOSH AGRAWAL,CHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRLCE-1, VISAKHAPATNAM

penny stock as detailed\nbelow: -\nS.No.\nName of Share Scrip\nExchange in which\ntraded\n1.\nSudama Trading and Investment Ltd.\nCalcutta Stock Exchange\n2.\nSubh Laxmi projects Ltd., / Concrete\nCredit Ltd\nCalcutta Stock Exchange\n3.\nBlue Print Securities Ltd.,\nCalcutta Stock Exchange\n4.\nPincon Spirit Ltd. / Sarang Viniyog Ltd.,\nCalcutta Stock Exchange\n5.\nShivom Investment Consultancy Ltd.\nCalcutta Stock Exchange

ASHOK KUMAR AGRAWAL,VISAKHAPATNAM vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

penny stock as detailed\nbelow: -\n\nS.No.\nName of Share Scrip\nExchange in which\ntraded\n1.\nSudama Trading and Investment Ltd.\nCalcutta Stock Exchange\n2.\nSubh Laxmi projects Ltd., / Concrete\nCredit Ltd\nCalcutta Stock Exchange\n3.\nBlue Print Securities Ltd.,\nCalcutta Stock Exchange\n4.\nPincon Spirit Ltd. / Sarang Viniyog Ltd.,\nCalcutta Stock Exchange\n5.\nShivom Investment Consultancy Ltd.\nCalcutta Stock

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, VISAKHAPTNAM vs. MATTAPALLI RAMGOPAL,, VISAKHAPATNAM

In the result, appeals of the revenue are dismissed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.65/Viz/2021 & 66/Viz/2021 (निर्धारण वर्ा / Assessment Year : 2014-15 & 2015-16) Asst.Commissioner Of Income Tax Vs. Mattapalli Ramgopal Circle-1(1) 25-8-246, Main Road Visakhapatnam Kurupam Market Visakhapatnam [Pan : Aarpw2133K] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

purchase and sale of gold jewellery and silverware. The assessee filed his return of income for the A.Y.2014-15 on 18.09.2014, declaring total income at Rs.61,58,100/-. The return was processed u/s 143(1) of the Income Tax Act, 1961 (in short “Act”). Subsequently, the case was selected for scrutiny under CASS and accordingly, statutory notice

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, VISAKHAPATNAM vs. MATTAPALLI RAMGOPAL, VISAKHAPATNAM

In the result, appeals of the revenue are dismissed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.65/Viz/2021 & 66/Viz/2021 (निर्धारण वर्ा / Assessment Year : 2014-15 & 2015-16) Asst.Commissioner Of Income Tax Vs. Mattapalli Ramgopal Circle-1(1) 25-8-246, Main Road Visakhapatnam Kurupam Market Visakhapatnam [Pan : Aarpw2133K] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

purchase and sale of gold jewellery and silverware. The assessee filed his return of income for the A.Y.2014-15 on 18.09.2014, declaring total income at Rs.61,58,100/-. The return was processed u/s 143(1) of the Income Tax Act, 1961 (in short “Act”). Subsequently, the case was selected for scrutiny under CASS and accordingly, statutory notice

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA, VIJAYAWADA vs. GM CABLES & SWITCHES PRIVATE LIMITED, VIJAYAWADA

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble(Hybrid Hearing) आयकर अपील सं./ I.T.A. No.32/Viz/2025 (धनिाारण िर्ा / Assessment Year : 2019-20) The Assistant Commissioner Of Vs. Gm Cables & Switches Income Tax, Private Limited, Circle-1(1), Vijayawada. Vijayawada. Pan: Aafcg3325C (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलार्थी की ओर से/ Assessee By : Sri Rushabh Mehta, Ca प्रत्यार्थी की ओर से / Revenue By : Dr. Aparna Villuri, Sr. Ar सुनिाई की तारीख / Date Of Hearing : 28/04/2025 घोर्णा की तारीख/Date Of : 20/05/2025 Pronouncement O R D E R

bogus capital gain/loss through penny stocks and cases of accommodation entries. Any other ground that may be urged at the time of appeal hearing.” 9. 4. The Learned Departmental Representative (“Ld. DR”) referred to para-4 of the order of the Ld. AO wherein it was stated that transaction in One world Group companies including M/s. Aneri Fincap