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

1,59,55,961/-.The Ld. CIT(A) ought tohave\nupheld the entire disallowance of bogus purchases amounting to\nRs.1,59,55,961/-.\n3.\nThe Ld. CIT(A) is not justified in taking a view that the entire bogus\npurchases cannot be taxed and directing theAO to restrict thedisallowance @\n8% of the bogus purchases, without giving any cogent reason

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

1,59,55,961/-.The Ld. CIT(A) ought tohave\nupheld the entire disallowance of bogus purchases amounting to\nRs.1,59,55,961/-.\n3.\nThe Ld. CIT(A) is not justified in taking a view that the entire bogus\npurchases cannot be taxed and directing theAO to restrict thedisallowance @\n8% of the bogus purchases, without giving any cogent reason

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

1,59,55,961/-.The Ld. CIT(A) ought tohave\nupheld the entire disallowance of bogus purchases amounting to\nRs.1,59,55,961/-.\n3.\nThe Ld. CIT(A) is not justified in taking a view that the entire bogus\npurchases cannot be taxed and directing theAO to restrict thedisallowance @\n8% of the bogus purchases, without giving any cogent reason

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

1,59,55,961/-.The Ld. CIT(A) ought tohave\nupheld the entire disallowance of bogus purchases amounting to\nRs.1,59,55,961/-.\n3.\nThe Ld. CIT(A) is not justified in taking a view that the entire bogus\npurchases cannot be taxed and directing theAO to restrict thedisallowance @\n8% of the bogus purchases, without giving any cogent reason

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

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

1,59,55,961/-.The Ld. CIT(A) ought tohave\nupheld the entire disallowance of bogus purchases amounting to\nRs.1,59,55,961/-.\n3. The Ld. CIT(A) is not justified in taking a view that the entire bogus\npurchases cannot be taxed and directing theAO to restrict thedisallowance @\n8% of the bogus purchases, without giving any cogent reason

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

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

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

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, 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

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

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

133A of the Act for the 15 premises.\nDuring the course of search proceedings, the search team noticed that assessee\ngenerated unaccounted income by way of production suppression of eggs and the\nPage No. 3\nITA Nos. 228, 229, 230 & 231/VIZ/2025\nC.O. Nos. 19, 20, 21 & 22/VIZ/2025\nVenkatrama Poultries Pvt Ltd.,\nsame are sold outside the books of accounts

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), , VISAKHAPATNAM vs. ALFA ELECTRONIC SERVICES(INDIA) PRIVATE LIMITED,, VISAKHAPATNAM

In the result, appeal filed by the revenue is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos. 50, 51 & 53/Viz/2021 (निर्धारण वर्ा/ Assessment Years: 2013-14, 2014-15 & 2015-16) Acit – Circle – 1(1) V. M/S. Alfa Electronic Services (India) Prathyakshakar Bhavan, Sector – 8 Private Limited Mvp Double Road, 49-22-5, Sri Sai Mansions Visakhapatnam – 530017 Lalitha Nagar, Visakhapatnam – 530016 Andhra Pradesh Andhra Pradesh [Pan: Aahca3583E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

133A of the Act was carried out at the business premises of the assessee on 15.12.2015 and during the course of survey the Managing Director of the assessee-company was asked to prove the genuineness of three sub-contractors Page No. 2 I.T.A.Nos.50, 51 & 53/VIZ/2021 M/s. Alfa Electronic Services (India) Private Limited whom the assessee engaged in the impugned

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, VISAKHAPATNAM vs. ALFA ELECTRONIC SERVICES(INDIA) PRIVATE LIMITED, VISAKHAPTNAM

In the result, appeal filed by the revenue is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos. 50, 51 & 53/Viz/2021 (निर्धारण वर्ा/ Assessment Years: 2013-14, 2014-15 & 2015-16) Acit – Circle – 1(1) V. M/S. Alfa Electronic Services (India) Prathyakshakar Bhavan, Sector – 8 Private Limited Mvp Double Road, 49-22-5, Sri Sai Mansions Visakhapatnam – 530017 Lalitha Nagar, Visakhapatnam – 530016 Andhra Pradesh Andhra Pradesh [Pan: Aahca3583E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

133A of the Act was carried out at the business premises of the assessee on 15.12.2015 and during the course of survey the Managing Director of the assessee-company was asked to prove the genuineness of three sub-contractors Page No. 2 I.T.A.Nos.50, 51 & 53/VIZ/2021 M/s. Alfa Electronic Services (India) Private Limited whom the assessee engaged in the impugned