INCOMETAX OFFICER, WARD-3(1), VISAKHAPATNAM vs. SURENDRA NATH GUBBALA, VISAKHAPATNAM

Bench: Us:

Section 48 of the Act. Also, the Ld. DR objected to allowing the assessee’s claim for deduction of an amount of Rs. 2 crores that was paid by the purchaser of the property to M/s Kothapeta Settibalija Ramamandiram Committee (supra), while computing the capital gain on the sale of the subject properties. The Ld. DR submitted that

ARABOLU VENKATA NAGA DEEPATHI REPRESENTED BY POWER OF ATTORNEY HOLDER, N. SATYARAMANUJAMM ,VISAKHAPATNAM vs. INCOME TAX OFFICER(INTERNATIONAL TAXATION), VISAKHAPATNAM

In the result, the appeal fails and the same is hereby dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.178/Viz/2018 (ननधधारण वर्ा/ Assessment Year : 2010-11) Smt.Arabolu Venkata Naga Deepthi Vs. Income Tax Officer Rep. By Power Of Attorney Holder (International Taxation) Smt. N.Satyaramanujam Visakhapatnam Flat No.403, Dhanna Apartments Seethammadhara Visakhapatnam [Pan : Atcpa6413A] (अपीलाथी/ Appellant) (प्रत्यथी/ Respondent)

Capital Gains tax liability by the authorities below. If that be so, the Assessee-HUF in the present case, in our opinion, complied with the conditions of Section 54 of the Act in its true letter and spirit and, therefore was entitled to the deduction under section 54 of the Act for the entire investment in the properties and securities

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(1), VIJAYAWADA vs. SRI JASTI SRIDHAR BABU, KESARAPALLI

In the result, appeal filed by the Revenue Department stands dismissed

Bench: Shri N.K. Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon'Ble

capital gains income is chargeable to tax in respect of the said transfer of the land. 6.1 Ld. DR vehemently argued that law does not permit to change the stand which has taken at the initial stage and new claim cannot be entertained without revising the original return of income. Ld. DR in support of his contention also relied upon

KONDA SRINIVASA REDDY,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

section 148 of the Act, during the original assessment proceedings. There can be no doubt in the present facts as evidenced by a letter dated 8 September 2012 the very issue of taxability of sale of shares under the head capital gain or the head profits and gains from business was a subject matter of consideration by the Assessing Officer

SWARAJYAM DONTIREDDY,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

section 148 of the Act, during the original assessment proceedings. There can be no doubt in the present facts as evidenced by a letter dated 8 September 2012 the very issue of taxability of sale of shares under the head capital gain or the head profits and gains from business was a subject matter of consideration by the Assessing Officer

VIJAYA LAKSHMI RAVULA,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

section 148 of the Act, during the original assessment proceedings. There can be no doubt in the present facts as evidenced by a letter dated 8 September 2012 the very issue of taxability of sale of shares under the head capital gain or the head profits and gains from business was a subject matter of consideration by the Assessing Officer

VEERAREDDY GOGULA,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

section 148 of the Act, during the original assessment proceedings. There can be no doubt in the present facts as evidenced by a letter dated 8 September 2012 the very issue of taxability of sale of shares under the head capital gain or the head profits and gains from business was a subject matter of consideration by the Assessing Officer

SYED RAHMAN SHARIFF,,VISAKHAPATNAM vs. THE DCIT, CENTRAL CIRCLE-1,, VISAKHAPATNAM

In the result, appeals of the assessees are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.577/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Smt. Sofia Sadique Vs. Dy.Commissioner Of Legal Heir Of Late Syed Income Tax Mohammed Shariff Central Circle-1 C/O I.Kamasastry Visakhapatnam Sri Sai Lalitha Ramam 9-16-29/1, Cbm Compound’ Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.578/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Yakub Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound Visakhapatnam Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.579/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Ibrahim Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound’ Visakhapatnam Near Rama Talkies Visakhapatnam

section 131. 5. The entire assessment is ab initio void for the reason that the reasons recorded for reopening the assessment have not been communicated to the .assessee though the same have been specifically asked for by the appellant / assessee. 6. The entire assessment is ab initio void for the reason that the assessment has been made in the status

SYED IBRAHIM SHARIFF,,VISAKHAPATNAM vs. THE DCIT, CENTRAL CIRCLE-1,, VISAKHAPATNAM

In the result, appeals of the assessees are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.577/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Smt. Sofia Sadique Vs. Dy.Commissioner Of Legal Heir Of Late Syed Income Tax Mohammed Shariff Central Circle-1 C/O I.Kamasastry Visakhapatnam Sri Sai Lalitha Ramam 9-16-29/1, Cbm Compound’ Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.578/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Yakub Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound Visakhapatnam Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.579/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Ibrahim Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound’ Visakhapatnam Near Rama Talkies Visakhapatnam

section 131. 5. The entire assessment is ab initio void for the reason that the reasons recorded for reopening the assessment have not been communicated to the .assessee though the same have been specifically asked for by the appellant / assessee. 6. The entire assessment is ab initio void for the reason that the assessment has been made in the status

SYED MOHAMMED SHARIFF,,VISAKHAPATNAM vs. THE DCIT, CENTRAL CIRCLE-1,, VISAKHAPATNAM

In the result, appeals of the assessees are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.577/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Smt. Sofia Sadique Vs. Dy.Commissioner Of Legal Heir Of Late Syed Income Tax Mohammed Shariff Central Circle-1 C/O I.Kamasastry Visakhapatnam Sri Sai Lalitha Ramam 9-16-29/1, Cbm Compound’ Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.578/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Yakub Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound Visakhapatnam Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.579/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Ibrahim Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound’ Visakhapatnam Near Rama Talkies Visakhapatnam

section 131. 5. The entire assessment is ab initio void for the reason that the reasons recorded for reopening the assessment have not been communicated to the .assessee though the same have been specifically asked for by the appellant / assessee. 6. The entire assessment is ab initio void for the reason that the assessment has been made in the status

SYED YAKUB SHARIFF,,VISAKHAPATNAM vs. THE DCIT, CENTRAL CIRCLE-1,, VISAKHAPATNAM

In the result, appeals of the assessees are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.577/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Smt. Sofia Sadique Vs. Dy.Commissioner Of Legal Heir Of Late Syed Income Tax Mohammed Shariff Central Circle-1 C/O I.Kamasastry Visakhapatnam Sri Sai Lalitha Ramam 9-16-29/1, Cbm Compound’ Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.578/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Yakub Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound Visakhapatnam Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.579/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Ibrahim Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound’ Visakhapatnam Near Rama Talkies Visakhapatnam

section 131. 5. The entire assessment is ab initio void for the reason that the reasons recorded for reopening the assessment have not been communicated to the .assessee though the same have been specifically asked for by the appellant / assessee. 6. The entire assessment is ab initio void for the reason that the assessment has been made in the status

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(1),, VISAKHAPATNAM vs. DATLA SHANTI, VISAKHAPATNAM

In the result, appeal of the Revenue is partly allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

gains and it is exigible to tax subject to the deductions as set out in section 48 of the Act. Further, in the above case, the Hon’ble Karnataka High court held that since the word “transfer” in relation to capital asset is defined under the IT Act, 1961 it is not necessary to import the meaning assigned to them

ANKITHAM VENKATA MONISH SAMARENDRA ROW,VISAKHAPATNAM vs. THE ACIT, CIRCLE-1(1),, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No. 684/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Smt.Ankitham Jagga Row Indrani Vs. Income Tax Officer C/O M/S A.V.Bhanoji Row Ward-1(1) G.P.Ramayya & Co., Port Area Visakhapatnam Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No. 685/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Sri A.Venkata Monish Samarendra Vs. Asst.Commissioner Of Row Income Tax D.No.10-28-4/31, Flat No.P-2 Circle-1(1) Deepanjali, Waltair Uplands Visakhapatnam Siripuram, Visakhapatnam [Pan :Acvpa 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.692/Viz/2013) (निर्धारण वर्ा/Assessment Year : 2010-11) Income Tax Officer Vs. Smt. Ankitham Jagga Row Ward-1(1) Indrani Visakhapatnam D.No.10-28-4/31P-2 Deepanjali Waltair Uplands, Siripuram Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

capital gains. For the sake of clarity and convenience, we extract relevant part of the order of the Ld.CIT(A) in para No.5.3 to 5.4 which reads as under : “5.3. It is relevant to go into the valuation report, which has given the basis for arriving at the value as under : Rate Analysis based on Ground Reality

THE ACIT, CIRCLE-1(1),, VISAKHAPATNAM vs. A.VENKATA MONISH SAMARENDRA ROW, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No. 684/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Smt.Ankitham Jagga Row Indrani Vs. Income Tax Officer C/O M/S A.V.Bhanoji Row Ward-1(1) G.P.Ramayya & Co., Port Area Visakhapatnam Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No. 685/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Sri A.Venkata Monish Samarendra Vs. Asst.Commissioner Of Row Income Tax D.No.10-28-4/31, Flat No.P-2 Circle-1(1) Deepanjali, Waltair Uplands Visakhapatnam Siripuram, Visakhapatnam [Pan :Acvpa 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.692/Viz/2013) (निर्धारण वर्ा/Assessment Year : 2010-11) Income Tax Officer Vs. Smt. Ankitham Jagga Row Ward-1(1) Indrani Visakhapatnam D.No.10-28-4/31P-2 Deepanjali Waltair Uplands, Siripuram Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

capital gains. For the sake of clarity and convenience, we extract relevant part of the order of the Ld.CIT(A) in para No.5.3 to 5.4 which reads as under : “5.3. It is relevant to go into the valuation report, which has given the basis for arriving at the value as under : Rate Analysis based on Ground Reality

THE ITO, WARD-1(1),, VISAKHAPATNAM vs. SMT. ANKITHAM INDRANI JAGGA ROW,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No. 684/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Smt.Ankitham Jagga Row Indrani Vs. Income Tax Officer C/O M/S A.V.Bhanoji Row Ward-1(1) G.P.Ramayya & Co., Port Area Visakhapatnam Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No. 685/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Sri A.Venkata Monish Samarendra Vs. Asst.Commissioner Of Row Income Tax D.No.10-28-4/31, Flat No.P-2 Circle-1(1) Deepanjali, Waltair Uplands Visakhapatnam Siripuram, Visakhapatnam [Pan :Acvpa 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.692/Viz/2013) (निर्धारण वर्ा/Assessment Year : 2010-11) Income Tax Officer Vs. Smt. Ankitham Jagga Row Ward-1(1) Indrani Visakhapatnam D.No.10-28-4/31P-2 Deepanjali Waltair Uplands, Siripuram Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

capital gains. For the sake of clarity and convenience, we extract relevant part of the order of the Ld.CIT(A) in para No.5.3 to 5.4 which reads as under : “5.3. It is relevant to go into the valuation report, which has given the basis for arriving at the value as under : Rate Analysis based on Ground Reality

GINJALA ATCHIRAJU, L/R. OF GINJALA SIMHADRI RAJU, ,KAKINADA vs. INCOME-TAX OFFICER, WARD -1, , KAKINADA

In the result, appeal of the assessee is partly allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

capital gains in the hands of the assessee. We noted that the assessee has merely agreed to discharge the liability of his daughter and therefore the incidence of tax cannot be cast on the assessee. Further, it was accepted by the Revenue the return of income filed by the daughter of the assessee Smt. V.A. Krishnaveni. The Ld. AO also

TADIKAMALLA POORNA CHANDRA SEKHARA RAO,HYDERABAD vs. INCOME-TAX OFFICER, SRIKAKKULAM

In the result appeal of the assessee is allowed for statistical purposes

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A. No.83/Viz/2025 (निर्धारण वर्ा/ Assessment Year: 2020-21) Tadikamalla Poorna Chandra Sekhara Rao V. Income Tax Officer 12-6-36/4/9, Flat No. 408 Palakonda Road – 532001 Andhra Pradesh Mjr Solitaire, Moosapet Balanagar, Sanathnagar Ie -530018 Telangana [Pan: Abbpt5790J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

23,453/-. The case of the assessee is that while filing the particulars of return of income, the Tax Return Preparer, instead of filing the particulars of capital gains section

YENUGULA CHANDRA RAO,,VIJAYAWADA vs. ITO, WARD-1(1),, VIJAYAWADA

In the result, appeal filed by the assessee is partly allowed

Bench: Shri V. Durga Rao, Hon’Bleyenugula Chandra Rao, Vs. Ito, Ward-1(1), Prop : M/S. Rajanu Jewellers, Vijayawada. D.No. 11-49-336B, Sivalayam Street, Vijayawada. Pan No. Aadpy 5910 C (Appellant) (Respondent)

23,21,000/- by leaving balance of Rs. 20,000/- which is to be received later. It was mentioned in the document of Sale Agreement-cum-GPA that on payment of the balance amount of Rs. 20,000/-, regular sale deed will be registered in the name of the purchasers of the property or in the name of the persons

CHAMARTHI MOUNIKA,,ELURU vs. INCOME TAX OFFICER, WARD-2, , ELURU

In the result, appeals of the assessee for A

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.308/Viz/2018 & 309/Viz/2018 (ननधधारण वर्ा/Assessment Year : 2012-13 & 2013-14) Chamarthi Mounica Vs. Income Tax Officer Prop.Surya Ganesh Electricals Ward-2 D.No.22C-12-21 Eluru Ch.Ranga Rao Street Powerpet, Eluru [Pan : Apupc4598L] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Smt. Suman Malik, Dr सुनवधई की तधरीख / Date Of Hearing : 04.07.2019 घोर्णध की तधरीख/Date Of Pronouncement : 14 .08.2019 आदेश /O R D E R

capital gains is entitled to deduction under section 54F of the Income Tax Act in respect of investment in modification / expansion of an existing residential house. The Tribunal took the stand that exemption is available only when the investment is in the construction of a house and not for investment in modification or renovation. Admitted facts are that the assessee