NAGESH BABU VALIVETI,VIJAYAWADA vs. INCOME TAX OFFICER (INTERNAL TAXATION), VIJAYAWADA
In the result, appeal of the assessee is allowed
ITA 9/VIZ/2025[2012-13]Status: DisposedITAT Visakhapatnam30 Apr 2025AY 2012-13
Bench: Shri Vijay Pal Rao, Hon’Bles & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.9/Viz/2025 (िनधा"रण वष" / Assessment Year :2012-13) Nagesh Babu Valiveti, Vs. Income Tax Officer, Vijayawada. Ward-International Taxation, Pan: Accpv7063J Vijayawada. (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Appellant By : Sri C. Subrahmanyam, Ca ""याथ" क" ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar सुनवाई क" तारीख / Date Of Hearing : 23/04/2025 घोषणा क" तारीख/Date Of : 30/04/2025 Pronouncement O R D E R
For Appellant: Sri C. Subrahmanyam, CAFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 195Section 201Section 201(1)Section 250
capital gains and duly paid taxes on the same. As a result, the assessee should not be treated as a defaulter, in light of the proviso to section 201(1) of the Act.
6. For the reasons mentioned above, any other grounds that may be raised during the course of the hearing, the appellant respectfully prays that the order passed
