VIVEK INDUSTRIES,VIJAYAWADA vs. ITO, WARD-2(3), VIJAYAWADA
ITA 133/VIZ/2025[2018-19]Status: DisposedITAT Visakhapatnam05 Dec 2025AY 2018-19
Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.133/Viz/2025 (िनधा"रण वष"/Assessment Year:2018-19) Vivek Industries, Vs. Income Tax Officer, 8-1, Kamayyathopu Kanuru, Ward-2(3), Vijayawada. Vijayawada. Pan: Aanfm5215A (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri Gvn Hari, Advocate राज" व "ारा/Revenue By: Shri Badicala Yadagiri, Cit-Dr सुनवाई की तारीख/Date Of 20/11/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm:
For Appellant: Shri GVN Hari, AdvocateFor Respondent: Shri Badicala Yadagiri, CIT-DR
Section 142(1)Section 143(3)Section 150Section 54DSection 54F
section 26 of the Act. Although, the Hon’ble High
Court had held that the income had to be assessed in the hands of the partners as co-owners, but the said proposition cannot be stretched to the extent to conclude that the ownership of the subject property from which rental income was being received would get vested with
