SMT. L SUDHA BALA, L/R OF LATE SRI L.NARSA REDDY,GUNTUR vs. THE DCIT, SPECIAL RANGE GUNTUR, GUNTUR

In the result, the appeals of the assessee are dismissed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.260 & 261/Viz/2012 (धििाारण िर्ा/ Assessment Years :1984-85 & 1985-86 Respectively) L.Sudha Bala Vs. Dy.Commissioner Of L/R Of Late Sri L Narasa Reddy Income Tax Prop.Sri Venkateswara Agro Chemicals Special Range Industries Guntur 2-14-101, Syamala Nagar 2Nd Lane, Guntur [Pan : Acgpl2351P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

bogus purchases and the interest thereon and allowed the appeal partly. 6. The assessee preferred appeal before the ITAT, and filed the additional ground agitating the validity of reopening of assessment. The 5 I.T.A. Nos260 & 261./Viz/2012 L Sudha Bala, L/R of Late Sri L Narasa Reddy, Guntur ITAT vide order dated 22.02.1999 set aside the order

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

133A in the cases of the alleged\nsuppliers, the fact of availing accommodation entries by the assessee company\nin the guise of purchases, would not have come to light and the modus\noperandi of the assessee company would not have beenunearthed.\n10.\nReliance is placed on the recent decision of Hon'ble High Court of\nBombay in the case

DEPUTY COMMISSIONER OF INCOME TAX, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD, GUNTUR

purchases at 10%.", "result": "Dismissed", "sections": [ "Section 132", "Section 133A", "Section 147", "Section 148", "Section 142(1)", "Section 132(1)", "Section 132(4)", "Section 131", "Section 68", "Section 69C" ], "issues": "Whether the Ld. CIT(A) erred in estimating profit at 30% on unaccounted sales and in allowing partial disallowance of bogus

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

133A in the cases of the alleged\nsuppliers, the fact of availing accommodation entries by the assessee company\nin the guise of purchases, would not have come to light and the modus\noperandi of the assessee company would not have beenunearthed.\n10.\nReliance is placed on the recent decision of Hon'ble High Court of\nBombay in the case

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

133A in the cases of the alleged\nsuppliers, the fact of availing accommodation entries by the assessee company\nin the guise of purchases, would not have come to light and the modus\noperandi of the assessee company would not have beenunearthed.\n10.\nReliance is placed on the recent decision of Hon'ble High Court of\nBombay in the case

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

133A in the cases of the alleged\nsuppliers, the fact of availing accommodation entries by the assessee company\nin the guise of purchases, would not have come to light and the modus\noperandi of the assessee company would not have beenunearthed.\n10.\nReliance is placed on the recent decision of Hon'ble High Court of\nBombay in the case

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

133A in the cases of the alleged\nsuppliers, the fact of availing accommodation entries by the assessee company\nin the guise of purchases, would not have come to light and the modus\noperandi of the assessee company would not have beenunearthed.\n10. Reliance is placed on the recent decision of Hon'ble High Court of\nBombay in the case

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD., GUNTUR

bogus purchases and the deletion of an addition of Rs.93,943 were also affirmed.", "result": "Dismissed", "sections": [ "Section 132 of the Income Tax Act, 1961", "Section 133A

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD., GUNTUR

bogus purchases and the estimation of unaccounted income.", "result": "Dismissed", "sections": [ "132", "147", "148", "133A", "142(1)", "131", "132(1)", "132(4)" ], "issues

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:

purchase transactions, raised serious doubts regarding the authenticity of the subject loan transaction in question. Vedumutha Electricals India Private Limited. 20. Considering the totality of the facts involved in the present case before us, we are of the firm conviction that the CIT(A) ought not to have summarily accepted the claim of the assessee company that it had raised

ACIT, 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:

purchase transactions, raised serious doubts regarding the authenticity of the subject loan transaction in question. Vedumutha Electricals India Private Limited. 20. Considering the totality of the facts involved in the present case before us, we are of the firm conviction that the CIT(A) ought not to have summarily accepted the claim of the assessee company that it had raised

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:

purchase transactions, raised serious doubts regarding the authenticity of the subject loan transaction in question. Vedumutha Electricals India Private Limited. 20. Considering the totality of the facts involved in the present case before us, we are of the firm conviction that the CIT(A) ought not to have summarily accepted the claim of the assessee company that it had raised

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:

purchase transactions, raised serious doubts regarding the authenticity of the subject loan transaction in question. Vedumutha Electricals India Private Limited. 20. Considering the totality of the facts involved in the present case before us, we are of the firm conviction that the CIT(A) ought not to have summarily accepted the claim of the assessee company that it had raised

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:

purchase transactions, raised serious doubts regarding the authenticity of the subject loan transaction in question. Vedumutha Electricals India Private Limited. 20. Considering the totality of the facts involved in the present case before us, we are of the firm conviction that the CIT(A) ought not to have summarily accepted the claim of the assessee company that it had raised

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT LTD, GUNTUR

133A", "147", "148", "132(1)", "132(4)", "142(1)", "Section 68", "Section 69C" ], "issues": "The primary issue was the estimation of unaccounted income arising from suppressed sales of eggs and the allowability of deductions. Another issue involved the disallowance of bogus purchases

INCOME TAX OFFICER, INCOME TAX DEPARTMENT, VISAKHAPATNAM vs. QUALITY STEEL SHOPPE PRIVATE LIMITED, VISAKHAPATNAM

In the result, the Cross Objection No

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No.454/Viz/2024 ("नधा"रण वष"/Assessment Year: 2018-19) Income Tax Officer, Vs. Quality Steel Shoppe Ward-2(1), Private Limited, Visakhapatnam. Visakhapatnam. Pan: Aaacq1115D (Appellant) (Respondent) C.O. No. 18/Viz/2024 (In आ.अपी.सं /454/Viz/2024) ("नधा"रण वष"/Assessment Year: 2018-19)

bogus purchases, the assessee company vide its reply dated 08/01/2024 rebutted the same. It was submitted by the assessee company that during the Financial Year 2017-18, M/s. Steel Exchange India Limited (SEIL) had sold 998.870 mts of MS bars to M/s. Hero Wiretex Private Limited but had not taken the delivery of inventory due to non-payment of sale

SHYAM SUNDAR POLISETTY,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal filed by the assessee for the AY 2013-

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. Nos. 260 To 267/Viz/2023 ("नधा"रण वष" / Assessment Years: 2013-14 To 2020-21)

133A of the Act was conducted on the 4 tobacco exporting group based in Guntur, Andhra Pradesh ie., Polisetty Somasundaram Group on 28/01/2020. As a part of search operations conducted U/s. 132 of the Act in the group case of M/s. Polisetty Somasundaram, a search operation U/s. 132 of the Act was conducted at the business premises at D.No

SHYAM SUNDAR POLISETTY,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal filed by the assessee for the AY 2013-

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. Nos. 260 To 267/Viz/2023 ("नधा"रण वष" / Assessment Years: 2013-14 To 2020-21)

133A of the Act was conducted on the 4 tobacco exporting group based in Guntur, Andhra Pradesh ie., Polisetty Somasundaram Group on 28/01/2020. As a part of search operations conducted U/s. 132 of the Act in the group case of M/s. Polisetty Somasundaram, a search operation U/s. 132 of the Act was conducted at the business premises at D.No