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8 results for “capital gains”+ Section 200(3)clear

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Key Topics

Section 14819Section 201(1)12Section 271(1)(c)6Section 2015Capital Gains5Addition to Income5Limitation/Time-bar4Section 1473Section 69

MURALI MOHAN REDDY BONTHU,VIJAYAWADA vs. INCOME-TAX OFFICER, WARD-3(1), VIJAYAWADA

In the result, appeal of the assessee is allowed

ITA 265/VIZ/2024[2013-14]Status: DisposedITAT Visakhapatnam04 Jul 2025AY 2013-14

Bench: Shri Ravish Sood, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.265/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2013-14) Murali Mohan Reddy Bonthu V. Income Tax Officer – Ward – 3(1) 14/4, Flat No. 503 Cr Building, 1St Floor Annex Sree Satya Sai Towers M.G. Road, Vijayawada – 522002 Andhra Pradesh Main Road Nunna Andhra Pradesh - 521212 [Pan:Aiopb5077E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) करदाता का प्रतततितित्व/ Assessee Represented By : Shri I. Kama Sastry, Ca राजस्व का प्रतततितित्व/ Department Represented By : Dr. Aparna Villuri, Sr.Ar

Section 112Section 139(4)Section 142(1)Section 147Section 148Section 149(1)(b)Section 234ASection 54FSection 69A
3
Section 54F3
Section 270A3
Long Term Capital Gains3

capital gains under section 54F of the Act. Subsequently, notices under section 142(1) of the Act were issued on various dates requiring the assessee to file the details Page. No 2 I.T.A.No.265/VIZ/2024 Murali Mohan Reddy Bonthu called for. On verification of the details, it was found that the assessee has received an amount of Rs.1

ARAVINDA BHUPATHIRAJU REP BY GPA HOLDER SRI KAR BAHADUR SRI RAJA,VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE (INTERNAL TAXATION), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

ITA 262/VIZ/2025[2015-16]Status: DisposedITAT Visakhapatnam18 Jul 2025AY 2015-16

Bench: Shri Ravish Sood, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A. (It). No.262/Viz/2025 (निर्धारण वर्ा/ Assessment Year: 2015-16) Aravinda Bhupathiraju Vs. Asst. Cit (International Taxation) Rep. By. Gpa Holder Income Tax Office, Infinity Towers, K.A.R. Bahadur Sri Raja Sankaramatam Road Falt No. 502, Sky Aditya Apartment Visakhapatnam- 530016 Gitams Road, Yendada Andhra Pradesh Visakhapatnam – 530045 Andhra Pradesh [Pan:Bjopb0898P] (अपीलधर्थी/Appellant) (प्रत्यर्थी/Respondent) करदाता का प्रतततितित्व/ Assessee Represented By : Smt A. Aruna, Advocate राजस्व का प्रतततितित्व/ Department Represented By : Dr.Aparna Villuri, Sr. Ar

Section 144Section 148Section 271(1)(c)

gain adopting cost of acquisition and improvement at Rs.79,60,200/-. Ld. AO thereafter passed a consequential order dated 04.04.2025 determining the Long-Term Capital Loss at Rs.20,00,615/-. However, Ld. AO initiated penalty proceedings under section 271(1)(c) of the Act. Ld. AO issued show-cause notice calling for objections for levying of penalty. Since assessee

VENKATA PRASAD PULIPATI,AMARAVATHI vs. INCOME-TAX OFFICER, WARD-2(1), GUNTUR

In the result, the appeal filed by the assessee is allowed in terms of our aforesaid observations

ITA 612/VIZ/2025[2016-17]Status: DisposedITAT Visakhapatnam19 Dec 2025AY 2016-17

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.612/Viz/2025 (िनधा"रण वष"/Assessment Year: 2016-17) Venkata Prasad Pulipati, Vs. Income Tax Officer, Amaravathi. Ward-2(1), Pan: Asapp8796L Guntur. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri I. Kama Sastry, Ca राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 03/12/2025 Hearing: घोषणा की तारीख/Date Of 19/12/2025 Pronouncement: आदेश / Order

For Appellant: Shri I. Kama Sastry, CAFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 147Section 148Section 148ASection 149(1)(b)Section 151Section 30Section 69

capital gains without giving any deduction towards cost of acquisition. 8. The National Faceless Assessment Centre is not justified in treating Rs.33,88,000/- as unexplained investment under section 69 of the Income-tax Act, 1961. 9. All the above grounds of appeal are mutually exclusive and without prejudice to one another. 10. The appellant craves leave

DEPUTY COMMISSIONER OF INCOME TAX, VISAKHAPATNAM vs. SRI NARASIMHARAJU KANUMURI, VISAKHAPATNAM

In the result, the appeal filed by the revenue in ITA No

ITA 267/VIZ/2025[2017-18]Status: DisposedITAT Visakhapatnam13 Oct 2025AY 2017-18

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.267/Viz/2025 (िनधा"रण वष"/Assessment Year: 2017-18) Deputy Commissioner Of Vs. Sri Narasimharaju Income Tax, Kanumuri, Visakhapatnam. Visakhapatnam. Pan: Aerpk2717F (Appellant) (Respondent)

For Appellant: Sri GVN Hari, AdvocateFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 195Section 201Section 201(1)

200/- by taking Rs.4,17,00,000/- towards income u/s 69A of the Act, 1961. The appellant preferred an appeal against the 143(3) order before CIT Appeal and the CIT Appeal allowed the appeal vide order dated 18.09.2020. Further the department filed an appeal before ITAT against the relief granted by CIT (Appeal). The Honble ITAT vide order

PONNAM BHAVANI,VIJAYAWADA vs. THE INCOME TAX OFFICER (INTERNATIONAL TAXATION), VIJAYAWADA

In the result, both the appeals of the assessee are allowed for statistical purposes

ITA 331/VIZ/2024[2012-13]Status: HeardITAT Visakhapatnam28 Apr 2025AY 2012-13

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Balakrishnan, S.आ.अपी.सं /Ita Nos.331 & 332/Viz/2024 (निर्धारण वर्ा/Assessment Years: 2012-13 & 2014-15) Smt. Ponnam Bhavani Vs. Income Tax Officer Vijayawada (International Taxation) Pan:Ajzpp5085E Vijayawada (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri G.V.N. Hari, Advocate रधजस् व द्वधरध/Revenue By:: Dr. Aparna Villuri, Sr. Ar सुिवधई की तधरीख/Date Of Hearing: 24/04/2025 घोर्णध की तधरीख/Pronouncement: 28/04/2025 आदेश/Order

For Appellant: Shri G.V.N. Hari, AdvocateFor Respondent: : Dr. Aparna Villuri, Sr. AR
Section 201Section 201(1)

200 u/s 201(1) and interest of Rs.1,21,128 u/s 201(1A) of the Act. 4. Any other grounds may be urged at the time of hearing”. ““1. The order of the learned CIT (A)-10 is contrary to the facts and also the law applicable to the facts of the case. 2. The learned

PONNAM BHAVANI,VIJAYAWADA vs. THE INCOME TAX OFFICER (INTERNATIONAL TAXATION), VIJAYAWADA

In the result, both the appeals of the assessee are allowed for statistical purposes

ITA 332/VIZ/2024[2014-15]Status: HeardITAT Visakhapatnam28 Apr 2025AY 2014-15

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Balakrishnan, S.आ.अपी.सं /Ita Nos.331 & 332/Viz/2024 (निर्धारण वर्ा/Assessment Years: 2012-13 & 2014-15) Smt. Ponnam Bhavani Vs. Income Tax Officer Vijayawada (International Taxation) Pan:Ajzpp5085E Vijayawada (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri G.V.N. Hari, Advocate रधजस् व द्वधरध/Revenue By:: Dr. Aparna Villuri, Sr. Ar सुिवधई की तधरीख/Date Of Hearing: 24/04/2025 घोर्णध की तधरीख/Pronouncement: 28/04/2025 आदेश/Order

For Appellant: Shri G.V.N. Hari, AdvocateFor Respondent: : Dr. Aparna Villuri, Sr. AR
Section 201Section 201(1)

200 u/s 201(1) and interest of Rs.1,21,128 u/s 201(1A) of the Act. 4. Any other grounds may be urged at the time of hearing”. ““1. The order of the learned CIT (A)-10 is contrary to the facts and also the law applicable to the facts of the case. 2. The learned

INCOME TAX OFFICER, INFINITY TOWERS, SANKARMATHAM ROAD vs. AMMAJI CHENNUPATI, RAJEEVNAGAR, KURMANNAPALEM

In the result, the appeal of the revenue is dismissed, while the additional ground of cross-objection of the assessee is allowed in terms of our aforesaid observations

ITA 441/VIZ/2024[2017-18]Status: DisposedITAT Visakhapatnam09 Sept 2025AY 2017-18

Bench: Us:

Section 10(38)Section 147Section 148Section 148ASection 69

Capital Gains on sale of shares as unexplained. 4 ITA No.441/Viz/2024 & CO No.7/Viz/2025 Ammaji Chennupati 3. Any other grounds of Cross-Objection that may the raised at the time of hearing. Further, the assessee cross-objector has raised an additional ground which reads as under: “1. On the facts and in the circumstances of the case, the notice issued

RAMESH SANGHVI,HYDERABAD vs. INCOME TAX OFFICER, WARD-1, ELURU

In the result, appeal of the assessee is dismissed

ITA 504/VIZ/2024[2018-19]Status: DisposedITAT Visakhapatnam14 Feb 2025AY 2018-19

Bench: Shri K. Narasimha Chary, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.504/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2018-19) Ramesh Sanghvi V. Income Tax Officer – Ward – 1 108, 4-4-933 Royal Plaza 23-2-4-6/4 Kks Towers Sultan Bazar, Hyderabad R.R. Pet, Eluru Telangana - 500001 Andhra Pradesh - 534002 [Pan: Ajeps4401J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

Section 270A

section 270A stating that assessee has misreported income to the extent of Rs.1,67,44,623/- and hence 200% of the tax payable is levied as penalty which is amounting to Rs.79,66,508/-. 3. Aggrieved by the order of the Ld. AO, assessee filed an appeal before the Ld. CIT(A). Before Ld. CIT(A), assessee contested that