THE ACIT,, KAKINADA vs. SRI KANTHETI VISWESWARA SURYA PRAKSARAO,, KAKINADA
In the result, appeal of the revenue is dismissed
ITA 137/VIZ/2016[2010-2011]Status: DisposedITAT Visakhapatnam04 May 2018AY 2010-2011
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.137/Viz/2016 (धनधाारण िर्ा/Assessment Year:2010-11) The Acit, Circle-1 Vs. Shri Kantheti Visweswara Kakinada Surya Prakasa Rao D.No.65-6-29A, Janaki Nilayam Mehar Nagar Opp.Gpt Gate, Kakinada East Godavari [Pan :Alnpk1678C] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओर से/ Appellant By : Shri V.Appala Raju, Dr प्रत्यथी की ओर से / Respondent By : Shri P.Prabhakara Murthy, Ar सुनिाई की तारीख / Date Of Hearing : 25.04.2018 04.05.2018 घोषणा की तारीख/Date Of Pronouncement :
For Appellant: Shri V.Appala Raju, DRFor Respondent: Shri P.Prabhakara Murthy
Section 133ASection 143(3)Section 148Section 271(1)(c)
gains credited to capital account
Lump sum addition as agreed in Survey
3,00,000.00
Proceedings
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35,81,000.00
2.1
As per the assessment order, the AO has issued notice u/s 148 and in response to the notice issued u/s 148, the assessee had filed return of income on 14.03.2011 admitting total income of Rs.40,10,970/-. Since