THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, , VISAKHAPATNAM vs. POOSARLA SATYAVATHI, VIZIANAGARAM

In the result, appeal of the revenue is dismissed in limine and Cross objection filed is assessee is dismissed as infructuous

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

Capital amounting to Rs. 89,67,000/- from various relatives of the Directors of the company, the Assessing Officer treated the share investments as ingenuine and added the same as unexplained cash credit under section 68 of the Act on protective basis as admitted by the assessee before the Investigation Directorate as her unexplained investment under section

LINTON PROJECTS PRIVATE LIMITED,VIZIANAGARAM vs. THE INCOME TAX OFFICER, WARD-1, , VIZIANAGARAM

In the result, appeal of the revenue is dismissed in limine and Cross objection filed is assessee is dismissed as infructuous

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

Capital amounting to Rs. 89,67,000/- from various relatives of the Directors of the company, the Assessing Officer treated the share investments as ingenuine and added the same as unexplained cash credit under section 68 of the Act on protective basis as admitted by the assessee before the Investigation Directorate as her unexplained investment under section

KANCHAN LALWANI,VIZIANAGARAM vs. INCOME TAX OFFICER, WARD-1, VIZIANAGARAM

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

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

unexplained cash credit in the books of account of the assessee which can be considered as addition u/s.68 of the Act. The bank pass book supplied by the bank to the assessee cannot be regarded as the books of account of the assessee. We find that the assessee is an individual and derived income from house property, income from capital

KAVULURU LAKSHMI NARAYANA,VIJAYAWADA vs. THE INCOME TAX OFFICER, WARD-2(2), , VIJAYAWADA

In the result, appeal of the assessee is allowed

Bench: Shri N.K.Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleआयकर अपील सं./I.T.A.No.464/Viz/2019 (निर्धारण वर्ा/Assessment Year: 2014-15) Sri K.Lakshmi Narayana Vs. Income Tax Officer D.No.40-7-10A, Donka Road Ward-2(2) Mogalrajpuram Vijayawada Vijayawada [Pan : Aajhk5298R] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri C.Subrahmanyam, Ar प्रत्यधथी की ओर से / Respondent By : Smt.Suman Malik, Dr सुिवधई की तधरीख / Date Of Hearing : 10.03.2021 घोर्णध की तधरीख/Date Of Pronouncement : 26 .03.2021 आदेश /O R D E R Per D.S.Sunder Singh: Condonation Of Delay : This Appeal Is Filed By The Assessee Against The Order Of The Commissioner Of Income Tax (Appeals) [Cit(A)]-2, Guntur In Ita No.372/Gnt/Cit(A)-2/2016-17 Dated19.03.2019 For The Assessment Year (A.Y.)2014-15 With The Delay Of 36 Days. The Assessee Has Filed Petition For Condonation Of Delay Stating That The Delay Was Due To The Sickness Of 2

unexplained cash credit is unjustified, hence, requested to set aside the orders of the lower authorities and delete the addition. 7. On the other hand, the Ld.DR relied on the orders of the lower authorities. 8. We have heard both the parties and perused the material placed on record. In this case, the assessee submitted before the AO, that

THE INCOME TAX OFFICER, WARD-3(2), VISAKHAPATNAM vs. SRI MUTCHUAKARLA APPA RAO, VISAKHAPATNAM

In the result, appeal of the Revenue is partly allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.668/Viz/2019 ("नधा"रण वष" / Assessment Year : 2011-12) Income Tax Officer, Vs. Sri Mutchuakarla Appa Rao, Ward-3(2), Visakhapatnam. Visakhapatnam. Pan: Ahvpm 9813 F (अपीलाथ"/ Appellant) (""यथ"/ Respondent) C.O. No.22/Viz/2021 (In आयकर अपील सं./ I.T.A. No.668/Viz/2019) ("नधा"रण वष" / Assessment Year : 2011-12) Sri Mutchuakarla Appa Rao, Vs. Income Tax Officer, Visakhapatnam. Ward-3(2), Pan: Ahvpm 9813 F Visakhapatnam. (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri C. Subrahmanyam, Ca ""याथ" क" ओर से / Revenue By : Sri On Hari Prasad Rao, Sr. Ar सुनवाई क" तार"ख / Date Of Hearing : 20/02/2023 घोषणा क" तार"ख/Date Of : 17/03/2023 Pronouncement O R D E R

Capital Gains Rs. 99,00,500 (iv) Additional profit Rs. 1,99,510 (v) Unexplained credits in various bank accounts Rs. 54,89,800 Aggrieved by the above additions made by the Ld. AO, the assessee preferred an appeal before the Ld. CIT(A), Visakhapatnam. Later the appeal was transferred to the Ld. CIT(A)-2, Guntur. 3. On appeal

GHANTA PUNNA RAO,GUNTUR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), , GUNTUR

In the result, the appeal and cross objection filed by the assessee are allowed and the appeal of the Revenue is dismissed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.179/Viz/2019 (निर्धारण वर्ा/Assessment Year:2011-2012) Ghanta Punna Rao Vs. Asst.Commissioner Of 3Rd Floor, Varandas Apartments Income Tax 1/3, Navabharat Nagar Circle-2(1) Guntur Guntur [Pan : Adupg3613J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.354/Viz/2019 (निर्धारण वर्ा/Assessment Year:2011-2012) Asst.Commissioner Of Vs. Ghanta Punna Rao Income Tax 3Rd Floor, Varandas Apartments Circle-2(1) 1/3, Navabharat Nagar Guntur Guntur [Pan : Adupg3613J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) Cross Objection No.124/Viz/2019 (Arising Out Of I.T.A. No.354/Viz/2019) (निर्धारण वर्ा/Assessment Year:2011-2012) Ghanta Punna Rao Vs. Asst.Commissioner Of 3Rd Floor, Varandas Apartments Income Tax 1/3, Navabharat Nagar Circle-2(1) Guntur Guntur [Pan : Adupg3613J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

unexplained cash credits for the F.Y.2010-11 relevant to the A.Y.2011-12 and accordingly made the addition in the hands of the assessee u/s 68 and protectively in the hands of M/s Ravichandra Textiles Pvt. Ltd. The AO made the addition of Rs.2,88,26,250/- in the hands of M/s Ravichandra Textiles Pvt. Ltd the purchaser of the said agricultural land

THE ACIT,, GUNTUR vs. SAI BHASKAR IRONS LIMITED,, GUNTUR

In the result, appeal of the revenue is dismissed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अऩीऱ सं./I.T.A.No.108/Viz/2016 (ननधधारण वषा/Assessment Year:2012-13) Asst.Commissioner Of Income Tax Vs. M/S.Sai Bhaskar Circle-2(1), Guntur Irons Limited 3-1-3/A, 3Rd Lane Rajendra Nagar Guntur [Pan :Aamcs1675G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अऩीऱधथी की ओर से/ Appellant By : Shri Deba K.Sonowala, Dr प्रत्यथी की ओर से / Respondent By : Shri I Kama Sastry, Ar सुनवधई की तधरीख / Date Of Hearing : 09.02.2018 घोषणा की तारीख/Date Of Pronouncement : 21.02.2018

unexplained cash credits assessed u/s 68 required to be assessed separately as undisclosed income and no deduction required to be allowed from the income so assessed u/s 68. The Ld.DR relied on the decision of Hon’ble Gujarat high court in the case of Fakir Mohmed Haji Hasan Vs. Commissioner of Income Tax in IT reference No.267 of 1993 dated

ASHOK KUMAR AGRAWAL,VISAKHAPATNAM vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

unexplained cash credit under section 68\nof the Act.\n\n8. Further, it was also observed by the Ld. AO that the assessee and its\nfamily members had invested in M/s. Maa Mahamaya Industries Limited and\nM/s. GVA Industries Pvt. Ltd. Ld. AO found that initially huge share capital\nwas invested by several companies based at Kolkata and Delhi

INCOME TAX OFFICER, GUNTUR vs. MADHUSUSHANA VENKATA SUBBA RAO POTTI, GUNTUR

In the result, appeals ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

cash deposit under section 69A of the Income Tax Act, 1961 as unexplained money for the assessment year 2017-2018. In otherwords, for the assessment year 2016-2017, there is no addition in the hands of the company towards advance received from the assessee, which is, evident from re- assessment order passed by the Assessing Officer under section

ASSISTANT COMMISSIONER OF INCOME TAX , GUNTUR vs. MS.VIJAYASAI LAKSHMI SRINIVASA COTTON MILLS, GUNTUR

In the result, appeals ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

cash deposit under section 69A of the Income Tax Act, 1961 as unexplained money for the assessment year 2017-2018. In otherwords, for the assessment year 2016-2017, there is no addition in the hands of the company towards advance received from the assessee, which is, evident from re- assessment order passed by the Assessing Officer under section

INCOME TAX OFFICER, WARD- 1(1),, GUNTUR vs. POTTI KUMARA NAGA VENKATA SAI CHAKRAVARTHY, GUNTUR

In the result, appeals ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

cash deposit under section 69A of the Income Tax Act, 1961 as unexplained money for the assessment year 2017-2018. In otherwords, for the assessment year 2016-2017, there is no addition in the hands of the company towards advance received from the assessee, which is, evident from re- assessment order passed by the Assessing Officer under section

INCOME TAX OFFICER, WARD-2(1), GUNTUR vs. SHIVANI COTTON INDUSTRIES PRIVATE LIMITED, GUNTUR

In the result, appeals ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

cash deposit under section 69A of the Income Tax Act, 1961 as unexplained money for the assessment year 2017-2018. In otherwords, for the assessment year 2016-2017, there is no addition in the hands of the company towards advance received from the assessee, which is, evident from re- assessment order passed by the Assessing Officer under section

B.VISWESWARA RAO vs. THE ACIT,, VIJAYAWADA

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

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

unexplained cash deposits u/s 69A of the Act and brought to tax. 3. Aggrieved by the order of the A.O., the assessee went on appeal before the CIT(A) and explained before the CIT(A) that he had received cash of Rs.2.00 crores from his father and made various investments in shares worth Rs.3,83,00,000/-. From the advances

VULLI RADHAKRISHNA,TUNI vs. INCOME TAX OFFICER, WARD-1, TUNI

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.359/Viz/2025 (िनधा"रण वष"/Assessment Year: 2015-16) Vulli Radhakrishna, Vs. Income Tax Officer, Tuni. Ward-1, Pan: Aegpv1751H Tuni. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri Gvn Hari, Advocate राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 04/12/2025 Hearing: घोषणा की तारीख/Date Of 19/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm: The Present Appeal Filed By The Assessee Is Directed Against The Order Passed By The Commissioner Of Income-Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi, Dated 17/03/2025, Which In Turn Arises From The Order Passed By The Assessing Officer (For Short “A.O.”) Under Section 147 R.W.S 144 R.W.S 144B Of The Income Tax Act, 1961 (For Short “The Act”) Dated 26/03/2022 For Assessment Year (Ay) 2015-16. 2 Vulli Radhakrishna Vs. Ito

credit cards bills: Rs.11,79,160/-; (iii) unexplained investment towards purchase of equity shares: Rs.3,76,565/-; and (iv) short term capital gains (STCG) on sale of equity shares: Rs.1,68,552/-. 4. Aggrieved, the assessee carried the matter in appeal before the CIT(A) but without success. 5. The assessee aggrieved with the order

CHIGURUPATI RAJENDRA PRASAD,VIJAYAWADA vs. INCOME TAX OFFICER, WARD-2(2), VIJAYAWADA

In the result, appeal of the assessee is allowed for statistical purpose

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.202/Viz/2023 (ननधधारण वर्ा / Assessment Year : 2012-13) Chigurupati Rajendra Prasad Vs. Income Tax Officer Dr.No.32-41-47/28, Near Library Ward-2(2) Machavaram Vijayawada Vijayawada Pan : Abjpc1799A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

unexplained cash credit u/s.68 of the I.T.Act which represent the deposits in the bank account, even though the income was admitted under the provisions of Section 44AD of the I.T.Act since no proper books of accounts are maintained by the assessee. 5 I.T.A. No.202/Viz/2023, A.Y.2012-13 Chigurupati Rajendra Prasad., Vijayawada 7. The appellant craves to add to, amend or modify

SANTOSH AGRAWAL,CHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRLCE-1, VISAKHAPATNAM

unexplained cash credit under section 68\nof the Act.\n8. Further, it was also observed by the Ld. AO that the assessee and its\nfamily members had invested in M/s. Maa Mahamaya Industries Limited and\nM/s. GVA Industries Pvt. Ltd. Ld. AO found that initially huge share capital\nwas invested by several companies based at Kolkata and Delhi. The shares

B.ADINARAYANA,,ANAKAPALLE vs. THE ITO,, ANAKAPALLE

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleb. Adinarayana, Vs. Ito, Ward-1, S/O Ramu Naidu, D.No. 5-9-32, Anakapalle. Lakshmi Devi Peta, Anakapalle-1. Pan No. Aetpb 5443 B (Appellant) (Respondent)

unexplained cash credits of Rs. 6 lakhs and undisclosed interest income of Rs. 60,000/-. Subsequent to that, assessee preferred an appeal before the ITAT. However, the ITAT in its common order in ITA No. 42 & 55/Vizag/2007 dated 12/08/2009, dismissed both the appeals filed by the assessee as well as revenue. Thereafter, Assessing Officer has initiated penalty proceedings and issued

SUDHAKARA RAO POTNURU,SRIKAKULAM vs. ITO, WARD-1, SRIKAKULAM

In the result, appeal of the assessee is allowed for statistical purpose

Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./I.T.A.No.133/Viz/2022 (ननधधारण वर्ा / Assessment Year : 2017-18) Sudhakara Rao Potnuru Vs. Income Tax Officer D.No.13-128, Jogipeta Street Ward-1, Palakonda Road Narasannapeta Srikakulam Srikakulam [Pan : Aelpp5479F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

capital gains” at Rs.4,59,182/- and “other Sources” at Rs.8,106/- . The return of income was processed u/s 143(1) of the Income Tax Act, 1961 (in short “Act”) and selected for scrutiny to examine the cash deposits made during the demonetisation period. Notices u/s 143(2) and 142(1) of the Act were issued and served